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Energy Magazine AU ·

Financing complete for Project Marinus through $1.2bn investment

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

What is the $1.2bn Project Marinus investment about?

Expanded grid infrastructure may increase electrical contracting work in Tasmania and affect energy costs for trade businesses.

electricalTASbusiness

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Electrical Connection ·

Clipsal launches Queensland electrical waste recycling trial through CNW Electrical branches

Clipsal and recycling company TerraCycle have launched a trial giving Queensland electricians access to electrical waste recycling bins at 19 CNW Electrical branches.

Why it matters: Queensland electricians get a dedicated place to drop off electrical waste at CNW branches, which may make off-cuts and old products easier to dispose of responsibly.

electricalQLDbusiness
HIA News ·

Could data centres be builders next inflationary hit

Australia's growing data centre sector is creating a significant new source of construction activity. The article's title raises the question of whether this demand could add to inflationary pressure on builders.

Why it matters: Builders, electricians and HVAC contractors may see more work from data centre projects. Competition for labour and materials could also push up costs and tighten availability for other jobs.

buildingelectricalhvacbusiness
HIA News ·

Tasmanians want to build but home starts remain the furthest below average in the nation

New figures show demand for new homes in Tasmania is returning, with building approvals growing faster than in any other state. However, actual home starts remain further below their ten-year average than in any other state.

Why it matters: Tasmanian builders and the trades that work on new homes may see more approved jobs, but starts are still lagging. Work could be slow to turn into site activity.

buildingTASbusiness