The Andrews Labor Government is delivering on last year’s election promise to boost renewable energy in Victoria and is seeking to legislate increasing its renewable energy target to 50% by 2030.
A 1.6 MW community solar farm will support the Victorian town of Natimuk to reach its target of being 100% powered by renewable energy. The project is underpinned by state government funding.
A technology to manufacture “honeycomb” materials for energy storage applications from priority Australian mineral resources and AI-based hybrid of lithium batteries and hydrogen fuel cells with DC loss detection system are among the winners of the funding granted in the Cooperative Research Center Program (CRC-P) latest round.
The German developer and EPC contractor has reached the final development milestone on a solar and battery project in the Riverina region and moved into construction phase.
Touted as the first green bond issued by a retail property landlord globally, the $300 million instrument will fund initiatives to enhance the environmental performance for three of the retail assets within the QIC Shopping Centre Fund portfolio. The green bond was five times oversubscribed and attracted new investors from across Asia and Australia, as well as a cornerstone investment from the Clean Energy Finance Corporation (CEFC).
Victoria’s Monash University has unveiled the nation’s largest hybrid battery storage system as part of a microgrid that will cover 100% of power needs at its biggest campus with renewable energy.
The growing share of rooftop solar had a significant impact on Australia’s main grid in the latest quarter, both in terms of reducing operational demand and emissions intensity, the Australian Energy Market Operator (AEMO) said. Looking ahead, AEMO is seeking to procure off-market emergency reserves to help protect the grid from potential summer blackouts the upcoming summer, as coal generator outages grow in frequency.
Chinese PV module maker Risen Energy has announced it has achieved the highest jump in solar module sales in the Australian market in a one-year period.
French renewables developer Neoen has won development approval from the South Australian government for a major renewable energy project, comprising 125 MW of wind generation, 150 MW of solar PV generation and 130MW/400MWh of lithium-ion battery storage. The project could also integrate up to 50 MW of on-site hydrogen production capability.
The grant recipients for the fourth phase of the Next Generation Energy Storage program have been announced. Launched in 2016, the $25 million program is supporting the roll out of up to 36 MW of smart battery storage.
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