Distributed energy specialist CleanPeak Energy will install a combined 5.4 MW of PV systems atop biscuit manufacturer Arnott’s Group’s two biggest Australian production facilities. The deal will also deliver an energy service agreement for the front-of-meter power at the company’s Huntingwood site in western Sydney as it looks to transition to 100% renewable electricity across its operations.
The Queensland government is forecasting a renewables-led manufacturing and jobs boom in the state with hundreds of Australian and international companies registering their interest in supplying the thousands of solar panels, batteries, wind turbines, and kilometres of transmission lines the state says it will need to deliver its $62 billion (USD 40 billion) energy transformation plan.
In eight years, Australia wants to be four-fifths powered by renewables. Solar and wind investment is pouring in. But to firm the renewables and overcome the intermittency, we need overnight energy storage. That’s why there’s so much interest in pumped hydro.
It has been an interesting year for Australian energy markets, facing unprecedented high energy prices, coal outages, and market suspension. In this Chart of the Week, we investigate the impact a battery energy storage system would have made during FY 2022.
Construction has begun on a 50 MW/50 MWh battery near the outback city of Broken Hill which will be equipped with advanced inverter technology designed to improve system strength in regional New South Wales and support increased levels of renewable energy generation in the area.
The Victorian government has unveiled an ambitious plan to install 100 battery energy storage systems in neighbourhoods across the state by the end of 2026 as part of a broader strategy to support the rollout of more rooftop solar PV as it targets 95% renewables by 2035.
Australia’s Origin Energy is the target of an $18.4 billion (USD 11.3 billion) takeover bid by a consortium led by Canadian investment giant Brookfield Asset Management which plans to divide the business and invest another $20 billion by 2030 to support the gen-tailer’s transition to clean energy.
Queensland-based independent power producer ReNu Energy and aspiring green hydrogen manufacturer Countrywide Hydrogen will seek to advance its renewable hydrogen projects from concept to production after Australian superannuation fund HESTA agreed to invest up to $100 million (USD 64 million) to develop the facilities.
The Australian arm of Philippines-based clean energy company ACEN Corporation has pressed go on the 400 MW Stubbo Solar Farm to be built near Dubbo in the New South Wales central west.
Australian electricity retailer Flow Power has officially entered the Queensland market, inking an offtake deal with German-owned renewable energy developer Wirsol Energy for 30 MW of clean electricity generated at the 89 MW Clermont Solar Farm.
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