Energy Storage

Part 5: WA experiences rooftop disruption beyond the NEM, ACT shines

In late September, Western Australia’s government-owned electric utility registered an approximate AUD 657 million ($442.8 million) loss – much of it attributed to asset and contract writedowns. However, the utility was quick to blame rooftop PV for eating into its revenues, while fixed costs remained unchanged or increased. Revenues for the utility were down 4.7% for the year, to AUD 2.8 billion.

Octopus Renewables aims to raise funds for clean energy projects in Europe and Australia

The renewables investment arm of Octopus Group is seeking to raise up to £250 million ($475 million) through a major initial public offering for investment in onshore wind and solar assets in Europe and Australia. It aims to invest in already operating, in construction and construction-ready assets.

Enough ambition (and hydrogen) could get Australia to 200% renewable energy

The possibilities presented by hydrogen are the subject of excited discussion across the world – and across Australia’s political divide, notoriously at war over energy policy.

Genex Power gets debt financing nod for two solar projects

The Sydney-based developer has received credit approval to fund two of its solar projects. The announcement comes only days after Genex resumed trading on the Australian stock exchange in the wake of the Northern Australian Infrastructure Fund’s decision to extend offer of funding for the 250 MW Kidston pumped storage hydro project.

Part 4: NSW between a lump of coal and a hard place

There’s no shortage of action in the New South Wales renewable-energy scene, with some 19.4 GW of large-scale renewable energy projects approved or progressing through the planning system, and around 2.5 GW of grid-scale solar under construction. Plus there’s 2 GW of generation and 175 hours of storage planned for the pumped-hydro project known as Snowy 2.0 – and that’s just what’s happening at the big end of town.

Growth in renewables brings growth in wages

New analysis from recruitment firm Robert Walters shows continued growth in the renewables sector is bringing continued growth in wages along with it.

Enphase integrates with GreenSync’s decentralized energy exchange

The California-based energy technology company has integrated with GreenSync’s Decentralized Energy Exchange (deX), making it possible for its customers to get more value out of their distributed energy assets and help the grid manage the challenges associated with the rapid penetration of intermittent renewables.

First stage of landmark Agnew Gold Mine hybrid microgrid powers up

Distributed energy producer EDL has officially opened a 23 MW power station that integrates solar with gas and diesel generation to power Gold Fields’ Agnew Gold Mine in Western Australia. The project is part of an innovative hybrid microgrid, which will later add a wind array and battery storage.

Australian billionaires invest in 10 GW Northern Territory solar farm

Two of Australia’s richest people, Mike Cannon-Brookes and Andrew “Twiggy” Forrest, have jointly invested “tens of millions of dollars” in the ambitious Sun Cable projects, which would export solar energy from the Outback to power Singapore. The capital raising will enable developers Sun Cable to pay for development work for the undersea power link.

Pivotal role of corporate power purchase agreements in Australia’s energy transition

Over the last two years, corporate renewable power purchase agreements have become a major force in Australia’s large-scale renewable energy market. In hard figures, 70 leading Australian organizations have made the switch to renewable energy and procured nearly 2.3 GW of mostly solar and wind electricity and supported 5.2 GW of projects, finds the Business Renewables Centre of Australia.

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