Climate change advisory and investment firm Pollination Group has launched a $150 million venture capital fund to invest in early-stage tech companies in Australia aimed at facilitating the renewable energy transition.

United Kingdom-based solar and energy storage developer Elements Green is seeking to develop one of Australia’s largest renewables projects with its application for a 696 MW solar farm and 1,332 MWh battery energy storage system lodged with the federal government for assessment.

International beverage company Suntory Oceania has started work on a 3.2 MW rooftop solar install that will help power its new $400 million manufacturing and distribution facility in Queensland.

Australia’s first large-scale solar and big battery storage installation – the Lakeland project in far north Queensland – has been placed on the sales block with MPower announcing it will use the proceeds to further expand its portfolio of PV and battery storage projects.

In Australia’s electricity system, more and more energy from sunlight and wind is being “spilled” – or not converted to electricity. In the past year, the amount of renewable energy spilled was roughly equivalent to the annual consumption of 750,000 typical households, or three months of consumption for the state of South Australia. Some have attributed these dynamics as being driven by a “solar power glut”.

Social licence commitments have been prioritised over commercial operation dates in the guidelines for Australia’s first national renewable electricity generation tender that is seeking to deliver 6 GW of renewable capacity across the National Electricity Market.

Australian infrastructure asset manager Palisade Investment Partners has secured $258 million in new debt financing to back the further expansion of its gigawatt-scale renewable energy platform.

A solar-powered microgrid has been launched in the Victorian town of Monbulk as part of a $7.5 million state government program designed to better protect communities in fire and storm-prone areas against prolonged blackouts caused by extreme weather events.

Construction of Australia’s largest energy transmission project is progressing with Transgrid announcing that the first of four lines has been completed as part of the 900-kilometre EnergyConnect infrastructure project that will link power grids across three states.

The federal government has been urged to pick up the pace after the Clean Energy Finance Corporation opened the purse strings on a $1 billion fund that is to support cheaper finance for rooftop solar, home batteries and other energy efficiency upgrades for Australian homes.