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Construction commences on Latrobe Valley battery project

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11 Dec, 2023

This post was originally published on Sustainability Matters

Construction has commenced on the Latrobe Valley Battery Energy Storage System (BESS) project, with Lily D’Ambrosio, Minister for Energy and Resources, in attendance at an event onsite.

David Smales, AusNet Chief Executive Officer, said the project is an example of how AusNet and its delivery partners, such as Tilt Renewables, are working together to drive a more sustainable future in Victoria.

“We have a longstanding presence in the Latrobe Valley community, supporting customers and stakeholders via energy connections and throughout our distribution network, and more broadly through the energy transition,” Smales said.

AusNet and Tilt Renewables have previously worked together to successfully deliver connections for other projects such as the Salt Creek and Dundonnell Wind Farm projects.

AusNet’s connection works are due to be completed by December 2024, with the BESS to be energised in early 2025.

Image credit: iStock.com/Akacin Phonsawat

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

02 Aug, 2025

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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