SIMEC Zen Energy, the Australian energy arm of Sanjeev Gupta’s GFG Alliance, has officially launched its landmark US$1 billion (AU$1.38 billion) renewable energy initiative, announcing the details of its first project – the 280 MW Cultana Solar Farm.
The first batch of solar panels at the 42.5 MW solar project, located next to the idled Collinsville coal-fired power station, have been switched on. The project is slated to reach full commercial operation in September.
Green Investment Group, Macquarie Capital’s global green investment platform, has announced the acquisition of a significant solar development portfolio from German-headquartered EPC Conergy. The acquisition will see 88 solar experts join the GIG team.
Yolk Property Group has partnered with Power Ledger to implement blockchain technology at their Evermore development – powered by solar PV and battery storage technology – allowing residents of the 24 apartments to buy and sell solar power amongst themselves, thus ensuring considerable saving on residents’ electricity bills.
A data center, which will be used for crypto and Bitcoin mining, will be powered by a combination of solar power generated at an adjacent 20 MW solar PV farm and coal-fired generator.
Mixed messages have emerged from today’s COAG Energy Ministers’ meeting today, after what was meant to have been a decisive meeting for the National Energy Guarantee (NEG) policy measure. Fundamental opposition from some Labor states remain, however an agreement to release the draft legislation was reached – after it passes the test of the coalition party room.
Amid the intense discussion surrounding the National Energy Guarantee’s promise to cut power bills by $550 a year, Australia’s biggest power producer has reported its full year profit almost trebled, and its underlying profit rose by nearly a third.
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