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Renewable Energy;Public Procurement
Renewable Energy;Public Procurement

Australia secures 7.8 GW of renewable capacity in oversubscribed CIS Tender 7

The Australian Government has finalized Tender 7 of the Capacity Investment Scheme, selecting 19 projects to deliver 7.8 GW of generation. This outcome exceeds the initial 5 GW target and integrates substantial battery storage, supporting grid stability and the national transition toward net-zero targets.

Australia | 2 days ago
Navy
Navy

RTX to supply SeaRAM defense systems for Australia's new frigate fleet via MHI contract

Raytheon has secured a contract from Mitsubishi Heavy Industries to provide SeaRAM self-defense technology for the Australian Sea3000 General Purpose Frigate program. The agreement covers the first three vessels of an 11-ship modernization plan, with deliveries starting in 2028, highlighting increased maritime defense collaboration between Japan and the United States.

2 weeks ago • Australia
AI & Automation
AI & Automation

NVIDIA and IREN partner to deploy 5 GW of DSX-aligned AI infrastructure

NVIDIA and IREN Limited have entered a strategic partnership to develop up to 5 gigawatts of AI-optimized data center capacity. The agreement includes a $2.1 billion investment option for NVIDIA and centers on building massive 'AI factories' using the NVIDIA DSX architecture, primarily at IREN’s 2-gigawatt Texas campus.

4 weeks ago • Australia;United States
Navy
Navy

CAE awarded five-year naval training sustainment contract with Australia

CAE has been awarded a five-year Training Systems Technical Support contract with the Commonwealth of Australia to sustain Royal Australian Navy warfare training systems. The agreement, effective 1 July 2026, covers bridge simulators and combat centres across Sydney and Perth, supporting multi-domain training operations.

4 weeks ago • Australia
Renewable Energy
Renewable Energy

GenusPlus Group secures $110 million turn-key contract for South Australia’s KLG battery storage facility

GenusPlus Group has been awarded a $110 million contract to deliver the 200MW/800MWh KLG battery energy storage project in South Australia for Equis Development. The turn-key agreement covers engineering, procurement, and construction, with the facility expected to enhance grid reliability and support the region’s renewable energy transition by late 2027.

1 month ago • Australia
Renewable Energy
Renewable Energy

Fortescue commits $680 million to expand Pilbara green energy capacity

Fortescue has approved a US$680 million investment to develop the 200 MW Pilbara Green Energy Project, adding renewable generation beyond its Real Zero by 2030 requirements. The off-grid system with battery storage targets completion by 2028, with a pathway to multi-gigawatt expansion, serving data centre demand.

1 month ago • Australia
Water & Sanitation
Water & Sanitation

Western Australia commits $2.7 billion to water security in 2026-27 budget

The Cook Labor Government has announced a $2.7 billion investment in water infrastructure for the 2026-27 financial year, part of a four-year $6.4 billion capital works programme. Funding covers the Dampier Seawater Desalination Plant ($606 million), a new Regional Water Source Fund ($52.9 million), and maintenance programmes, supporting water security across metropolitan Perth and regional WA.

1 month ago • Australia
Investments & Funding
Investments & Funding

Microsoft commits A$25bn to Australia AI Infrastructure in largest local Investment

Microsoft will invest A$25 billion (US$18 billion) in Australian digital infrastructure by end-2029, expanding Azure AI supercomputing, strengthening cyber defense partnerships, and skilling three million Australians in AI, according to a joint announcement with Prime Minister Anthony Albanese.

1 month ago • Australia;United States

Latest News

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

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