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Energy

Cape wins Metronet contract

CFC Group subsidiary Cape has secured a power infrastructure contract with Western Power as part of the state government’s Metronet project.

Decmil wins $277m EPC solar contract

Decmil Group has finalised a $277 million contract with Chinese group Maoneng to build a 255-megawatt solar farm in NSW, eight months after signing a memorandum of understanding for the project.

Court blocks FMG report access

Fortescue Metals Group has failed to get its hands on a crucial engineering report at the heart of a legal dispute with Canadian company TransAlta Corporation.

Carnegie CEO departs, asset sales to be renegotiated

Carnegie Clean Energy’s long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

Bombora secures $19m EU funding

Perth-founded Bombora Wave Power has secured an $18.7 million grant from the European Regional Development Fund, days after Carnegie Clean Energy announced funding delays for its wave energy project in Albany.

ERA orders lower Western Power costs

An overnight decision by the Economic Regulation Authority will put downward pressure on power prices, with network operator Western Power ordered to further tighten its belt in the next four years.

Falling revenue pressure for Synergy

Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.

Softer notes on power competition

The state government appears to be continuing to back away from plans to introduce increased competition in electricity retailing, with Economics and Industry Committee chair Jessica Shaw saying she’d like to see more evidence it would reduce prices.

Protean in $3m South Korean investment

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

Chevron to browse Clio, Acme options for backfill

Chevron’s Clio and Acme gas fields could provide backfill supply for an existing LNG plant, most likely North West Shelf Venture’s Karratha facility, under a plan to be unveiled by the company’s Australian managing director Nigel Hearne this afternoon.

Hydrogen a potential energy option

The cost of hydrogen production could be competitive enough for Western Australia to become a exporter in the next decade, while use in applications such as remote area power systems is not far away.

Vicinity to spend $20m on WA solar

ASX-listed Vicinity Centres has announced it will invest about $20 million across three Perth shopping centres as part of the second stage of its national solar power project.

RCR cost blowout, FY18 loss and $100m raising

RCR Tomlinson has revealed the details of a $57 million write-down at one of its solar projects, with the contractor today announcing a $16.1 million loss for the 2018 financial year and a $100 million capital raising to help cover the cost overruns.

Waste-to-energy investment tops $870m

SPECIAL REPORT: Almost a billion dollars worth of waste-to-energy projects are in the pipeline in WA.

$3bn of projects amid market flux

SPECIAL REPORT: About $3 billion of electricity projects are in the pipeline in WA, but technological change and regulatory pressure are creating investment uncertainty.

Changes on horizon for Pilbara

SPECIAL REPORT: Moves to reform the Pilbara’s electricity sector will improve competition and lower prices, proponents claim.

Pacific extends MinRes contract to $30m

Pacific Energy has added a 17-megawatt power station to its recent contract at Mineral Resources' Wodgina lithium project, taking the total contract value to $30 million.

CCC flags corruption by former Horizon Power manager

The Corruption and Crime Commission has released its second damning report in less than a week, calling for criminal charges against a former Horizon Power IT manager, his business partner and his accountant.

Calima raising $65m for Canada

Subiaco-based oil and gas junior Calima Energy has raised $25 million through a placement, and aims to pick up a further $40 million through debt to underpin a drilling campaign at its Canadian exploration tenements.

Energy policy a power failure

Opinion: WA’s interest and those of other states are poorly aligned in terms of national energy policy, and the same is increasingly the case given US trade tensions with China.

Nahan commits to electricity competition

State opposition leader Mike Nahan has locked in part of his party’s energy policy early in the election cycle, pledging on the weekend to allow competition in retail power markets if his party wins the 2021 election.

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