IN BRIEF: ARENA is backing a “world-first” energy contract and data marketplace that will allow clean energy projects, large energy users and wholesale energy market participant access to innovative technology specific contracts.

The Renewable Energy Hub will allow contracts to be traded that reflect the “profile” of renewable generation, filling a gap in risk solutions and creating price efficiency to unlock more clean energy technology.

This comes at a time when new investment commitments in large-scale renewable energy projects has collapsed by more than 50 per cent, according to the Clean Energy Council.