From July this year, there will be a significant increase in wholesale electricity prices for NSW. This has sparked fears that the cost of doing business in the state will be so high that manufacturers will be forced out. While NSW wholesale electricity prices were stable for a number of years, prices have increased by … Continue reading Rising wholesale electricity prices will threaten NSW businesses
CommSec has released its latest quarterly report revealing the economic performance of Australian states. The report analyses eight key indicators: economic growth; retail spending; business investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. According to CommSec chief economist Craig James, the latest data indicates a multi-speed national economy. NSW remains on top, … Continue reading NSW continues to dominate Australia’s economic performance
South Australia has reached its renewable energy target of 50 per cent almost eight years ahead of schedule. The state has already surpassed its target of 50 per cent renewable energy by 2025, reaching 53 per cent from 2016-2017. In 2014, this figure was 36 per cent. “I am pleased that South Australia is leading … Continue reading SA reaches 50 per cent renewable energy target 8 years early
Leading global aerospace company Boeing will open an office in South Australia this month. Boeing’s new Adelaide office will support advanced military systems and leading edge research and development over the long term. The hub will work closely with universities, other tertiary institutions and research organisations. South Australian Premier Jay Weatherill and Boeing Managing Director Darren … Continue reading Boeing to open office in South Australia
Australian shipbuilders have expressed fears that Australia will have minimal involvement in the building and maintenance of the nation’s future submarines and warships. South Australia should expect to see only a fraction of the benefits from the $89 billion Future Submarines and shipbuilding defence construction, according to Defence SA. The organisation claims there is a … Continue reading Fears for Australia’s shipbuilding industry
A $1 billion solar farm and battery storage project is soon to be built in South Australia’s Riverland region. The system will include 3.4 million solar panels and 1.1 million batteries, making it the biggest of its kind, according to battery storage developer Lyon Group. Construction is due to begin in the next few months, … Continue reading SA to house world’s biggest solar farm and battery storage project
Australian energy solutions company Cool or Cosy has bought Tindo, Australia’s only solar panel manufacturer. Cool or Cosy CEO Glenn Morelli has plans to expand Tindo’s Mawson Lakes factory. According to Morelli, a 400 square metre expansion will create at least ten more jobs and significantly increase manufacturing capacity. The CEO has also expressed interest … Continue reading Cool or Cosy acquires solar panel manufacturer Tindo
Tesla has opened its first Adelaide store, citing the state’s interest in its Model S and X electric vehicles and the state’s commitment to renewable energy as its reasons for setting up there. The company previously opened a pop-up store in Adelaide to showcase the recently launched Model X, allow customers to test drives the … Continue reading Tesla drives into Adelaide
The South Australian government has announced that it will spend A$500m to build a government owned gas plant and battery storage farm to stabilise its energy supply and provide energy to industry, according to the ABC. SA premier Jay Weatherill said that the plan will involve building, owning and operating a $360 million, 250-megawatt gas-fired … Continue reading SA government electrifies with new power plan
Federal Labor has proposed that a new fleet of foreign built government vehicles would use at least a few Australian components, according to the Adelaide Now. The proposal would mean that foreign car manufacturers who agreed to use local parts would be preferred for providing vehicles for the ComCar program. The proposal comes as 11,000 … Continue reading Labor proposes local parts to be used in imported government vehicles
Large energy consumers are asking the federal government to fix its energy policy after several of them were hit with price increases of up to 100 per cent while troubled aluminium producer, Alcoa, was given a sweetheart deal. According to The Australian Financial Review, key Australian energy and manufacturing users, including Brickworks and BHP Billiton, … Continue reading Big energy consumers angry about massive price hike
The government has unveiled a centrepiece of its coming Defence White Paper, bringing forward a A$40 billion program to build surface warships, centred on the economically ailing state of South Australia.
Grants worth $28.78 million have been announced, with the aim of assisting South Australia’s manufacturing industry adjust to the end of passenger car assembly in 2017.
The federal government will today reportedly announce plans, including the shoring up of shipbuilding in Victoria and South Australia, as part of a three-day stint of campaigning in SA.
There’s a broad discussion happening in Australia about how to strengthen relationships between private industry and universities in order to foster innovation.
Prime minister Tony Abbott has given an “absolute guarantee” of more jobs in South Australia, regardless of who wins the controversial “competitive evaluation process”.
South Australian welding technology company K-TIG has claimed an Innovator Award at the DTC Defence Industry Awards.
The Heg clothespin was in hot demand after it was named in the top 10 products at a housewares show in Chicago. An American distributor couldn’t wait for a shipment to arrive – so the Heg is flying express with Qantas.
The difficult task of diversification is a must for hundreds of South Australian businesses in the automotive supply network. Brent Balinski spoke to one company that’s negotiated the leap early and successfully.
Samvardhana Motherson Reflectec (SMR) Automotive is slashing jobs at its Lonsdale plant in Adelaide.