The Clean Energy Finance Corporation (CEFC) has come together with private sector infrastructure fund manager Infradebt to invest in smaller utility-scale renewable energy projects for community and commercial energy users. The move aims to close an investment gap for projects of 25 MW or less.
Fossil fuel giant Royal Dutch Shell has snapped up a 49% stake in one of the biggest Australian utility-scale solar developers furthering its expansion into the market.
The new StorEnergy centre – supported with a $4.4 million Federal Government grant – will produce battery materials on a commercial scale and seek to increase knowledge and develop innovative solutions for Australia’s energy needs.
To fill the gap left by retiring coal-fired plants, the Australian Energy Market Operator forecasts that Australia should invest in a further 30-47 GW of new large-scale wind and solar projects by 2040. At the end of the outlook period, AEMO projects that distributed energy resources could provide up to 13% to 22% of total underlying annual NEM energy consumption.
Japan’s second-largest utility KEPCO has extended a demonstration project with Australia’s pioneer in P2P energy trading Power Ledger to create and track renewable energy certificates and trade PV-generated electricity.
Tasmania has approached international investors to present its unique potential for the production of hydrogen from renewable sources as it seeks to emerge at the forefront of the nation’s green hydrogen push.
Labelled as a state significant development, the Maryvale Solar Farm has received a regulatory nod, opening the way for construction work to begin. The project is owned by Photon Energy, Canadian Solar and Polpo Investments.
The first commercial shipment of China-made Soluna batteries has reached the Australian shores. The new battery brand will be sold locally by a joint venture between Lithium Australia and China’s DLG Group.
Two years after announcing its market entry, the India-based EPC heavyweight has commenced construction of its first Australian project.
Located on a disused landfill that was once part of a coal mine, the newly completed solar farm will save ratepayers around $9 million over its 25-year lifespan.
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