AGP Executive Report
Last update: 10 hours agoFuel Security: Australia’s diesel bill rose by $9 billion in six months, the world’s largest increase, as imported fuel supplies 90% of domestic diesel use. The Climate Council says the exposure leaves the country vulnerable to global price shocks. WA’s Energy Shift: Western Australia has set a target for 75% renewable electricity by 2031, while business groups warn the rapid transition could leave industry exposed. Data Centre Demand: A building boom is adding pressure to the grid, with the Smart Energy Council warning data centres could add $40 billion to Australian power costs. Project Pressures: Snowy 2.0’s estimated cost has climbed to $23 billion, and its exit costs remain unclear. Meanwhile, Woodside has agreed to sell its Greater Sunrise stake to Timor-Leste’s TIMOR GAP for up to $200 million. Clean Energy and Minerals: Australia added more battery storage in the first half of 2026 than in all of 2025. Energy Fuels also secured conditional Australian government financing of up to $180 million for its proposed Donald rare earths project.
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