After turning down the initial bid last month, Australian developer Genex Power this morning confirmed it will progress with a revised acquisition offer from a consortium of private equity firms led by Skip Capital, belonging to Australian technology billionaire and Atlassian cofounder Scott Farquhar.
As community opposition to overhead transmission line grows, the Victoria-based Energy Grid Alliance has released a report imploring the energy industry to better understand why the phenomenon is gaining momentum – positing the ‘talk to them early and pay them more’ approach will only further decay the situation. Instead, the group says real attention needs to be paid to social license and ensuring environmental and socioeconomic impacts of chosen transmission corridors are considered from the get-go.
A study into exporting green hydrogen from the 8 GW HyEnergy hydrogen Project in Western Australia’s Gascoyne region without an onshore port has found it to be both commercially and technically feasible.
The world’s largest asset manager, US company BlackRock, has acquired Victorian battery storage developer Akaysha Energy and its portfolio of nine projects in the national grid.
Less than a year after agreeing to work with Australian steel company BlueScope, Shell is now stepping back from the plan develop a pilot-scale 10 MW green hydrogen electrolyser at the Port Kembla Steelworks and further the vision for a hydrogen hub in the Illawarra.
Lightsource bp will reach financial close on its 400 MW (DC) Wellington North solar farm in New South Wales and its 90 MW Wunghnu Solar Farm in Victoria by the end of 2022, making it one of Australia’s largest solar developers.
Brisbane startup Line Hydrogen today announced a deal with Canada’s Jericho Energy Ventures’ which will see it bring hydrogen boilers to Australia.
Melbourne startup RayGen, which merges solar generation with long-duration electro-thermal energy storage, has connected its flagship Victorian project to the grid – albeit partially, as the company is still waiting on the final pieces of equipment to complete the 17 hour duration electro-storage system component.
Australian renewable energy developer Genex Power has bought Queensland’s Bulli Creek storage project from Solar Choice, saying it plans to develop the site in five stages – the first of which will include a 400 MW / 1,600 MWh big battery.
Horizon Power, the state government owned electricity provider for much of regional Western Australia, is set to rollout energy management technology which integrates the utility’s assets with distributed energy resources. The technology, which uses predictive analytics, hopes to unlock access to renewables in the regions.
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