The Chinese-Canadian solar manufacturer has been chosen to supply over 820,000 of modules and handle the EPC duties on one of Australia’s largest solar projects – the 333MW DC (275MW AC) solar farm at Darlington Point, NSW.
Another big battery has gone live in South Australia with the goal to contribute to energy security and reliability as a heatwave puts grid under pressure. The $30 million energy storage system is developed and owned by ElectraNet, as the first battery in the NEM to provide regulated network services and competitive market services.
Two 10 MW solar farms at Batchelor and Manton Dam developed by Tetris Energy will soon enter the construction phase and boost the NT share of renewable energy from the current 3% to 10%. The $43 million solar projects have signed PPAs with Jacana Energy and NT Solar Investments.
In the UK investor’s first deal since entering the Australian marketplace, Octopus Investments and Australian renewables developer Edify Energy have arranged more than $450 million to finance one of Australia’s major PV projects – a 333MW DC (275MW AC) solar farm, which has an approval to be collocated with a 100 MWh energy storage facility at Darlington Point, NSW.
After releasing the December quarter update for the 50 MW Kidston Solar Project Stage 1, which showed strong revenues and a big boost in generated power, Sydney-based Genex Power has shared a research paper on the term sheet signed with electricity provider EnergyAustralia for the 250 MW Kidston Stage 2 Pumped Hydro Storage development.
Danish renewables investor and asset manager Obton has set up a joint venture with Australian developer Torus with the goal to buy, develop and build solar projects Down Under. With several projects already in its pipeline, the company says it has faith in the market despite policy uncertainty.
Australia’s solar PV capacity additions tripled in 2018, as its rooftop solar fleet continued to set new records high and big PV experienced an unprecedented growth. While stabilization in electricity prices could lead to a slowdown in the rooftop solar segment in all states except Victoria, it is unlikely to result in a noticeable decline in sales in 2019. Large-scale solar PV is in line for over 3 GW this coming year, while small power stations up to 5 MW will also get their time to shine.
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