Brookfield, EIG boost Origin Energy takeover bid
The Brookfield-led consortium looking to acquire Origin Energy has come back with a “best and final” bid that values the company at approximately $20 billion (USD 12.85 billion). The offer comes just days after the energy utility’s largest shareholder rejected the previous bid.
Akaysha to begin building 300 MWh Ulinda Park battery project
Australian battery and renewable energy developer Akaysha Energy said construction of its 150 MW/300 MWh Ulinda Park big battery planned for Queensland’s Western Downs region will commence in the coming weeks with the company having now reached a final investment decision on the project.
AIKO showcases ABC modules ahead of Australian launch
Chinese solar panel manufacturer AIKO unveiled its solar cell technology at Melbourne’s All-Energy event last week ahead of an impending entry into the Australian market.
Commbank launches interest-free loans for solar and battery systems
One of Australia’s “big four” banks, the Commonwealth Bank, will begin offering interest-free finance up to $30,000 to install rooftop solar and home batteries with select merchants. The program will also allow customers to split repayments into instalments over one to five years.
Transformer shortages: New bottleneck of the energy storage supply chain
Transformer shortages are taking their toll on battery energy storage system (BESS) integrators, as competition in the market intensifies.
Trina unveils new 4 MWh battery fully manufactured in house, pushing into bullish battery segment
Trina has unveiled its new utility-scale battery, the Elementa 2, at Melbourne’s All-Energy conference. The company is offering design engineering services to support uptake of the 2 MW / 4 MWh LFP battery for Australian projects.
Investigators still uncertain about cause of 30 kWh battery explosion in Germany
A lithium iron phosphate (LFP) battery system recently exploded in a home in central Germany, preventing police and insurance investigators from entering due to the high risk of collapse. The explosion may have been preceded by off-gassing, but it remains unclear whether an external ignition source was the cause. Some scientists say thermal runaway may have triggered the blast.
New market player snaps up 370 MWh Victorian battery project
Asset management company Sosteneo Infrastructure Partners has made its first foray into the Australian renewable energy market, purchasing the 185 MW/370 MWh Koorangie Energy Storage System in northern Victoria from Edify Energy.
Strategies to develop ‘solar neighborhoods’
Researchers from the Australian PV Institute are part of an international group of scientists that have devised a list of recommendations to support the creation of solar neighborhoods. In a recently published study they highlight the importance of legislative frameworks and advanced computing.
Weekend read: Australia’s big BESS, big bet
As Australia’s big battery fleet continues to charge ahead, the battery revenue stack is evolving – and so are financing opportunities.
