Financing complete for Project Marinus through $1.2bn investment
What is the $1.2bn Project Marinus investment about?
The Clean Energy Finance Corporation has committed $1.2 billion to complete financing for Project Marinus, a planned undersea electricity interconnector linking Tasmania to mainland Australia.
$1.2 billion investment from CEFC to complete financing for Project Marinus
Why it matters
Expanded grid infrastructure may increase electrical contracting work in Tasmania and affect energy costs for trade businesses.
Related
Fortescue ushers in 1.4GW of renewables across five projects
Fortescue has started construction on a 690MW Turner River solar farm in the Pilbara, part of a 1.4GW renewables push across five projects to reach zero Scope 1 and 2 emissions by 2030.
Why it matters: Electricians and builders in WA's Pilbara region may see increased work opportunities from large-scale solar construction and associated infrastructure projects.
A flurry of battery hybrids: 19 renewables projects gain federal backing
19 renewable energy projects have received federal backing under Tender 7 of the Capacity Investment Scheme, with battery hybrid projects dominating at eight of the 19 awarded contracts.
Why it matters: Electricians and builders may see increased work opportunities as new renewable energy infrastructure projects get underway across Australia.
A new era for Equis: Introducing GreenPoint Energy
Equis has rebranded its Australian operations as GreenPoint Energy, which will manage a 2.5GW portfolio of 12 battery storage and wind energy assets.
Why it matters: Minimal direct impact on most trades operators unless working in renewable energy construction or maintenance.