Energy Storage

Tesla borrows $520m from Chinese state-owned lenders for Shanghai Gigafactory

The electric carmaker has signed 12-month credit agreements with three of China’s ‘Big Four’ lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.

Rural power lines to be replaced with stand-alone solar and battery systems at WA farms

Western Australia’s government-owned regional utility Horizon Power is readying to roll out 13 solar and battery technology units at 14 far-flung farms in the Esperance region.

Sunshine Energy: “A $1.5 billion project…we cannot get that kind of money from Australia”

Following a sod-turning ceremony that took place without much fanfare in south-east Queensland two weeks ago, Sunshine Energy Australia CEO Anthony John Youssef provides some detail on a 1.5 GW solar PV and 500 MWh energy storage project. While light on details about the financing structure, Youssef sets out the proposed construction timeline that, he hopes, will not be thwarted by two appeals lodged against the development.

Sydney Uni’s lamp-post launch of a battery built for solar storage

Professor Thomas Maschmeyer and his team of researchers at Sydney Uni spin-off Gelion Technologies have developed a scalable, inexpensive zinc-bromine battery, they say is safe for home storage, remotely serviceable for far-flung solar installations, and cool under pressure.

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The week of energy policy announcements: pumped hydro, hydrogen, energy efficiency, EVs

In a flurry of funding announcements, the Coalition government pledged to underpin two major pumped hydro projects, an interconnector and an energy efficiency program, and tried to move forward a hydrogen export roadmap and a national strategy for electric vehicles. However, if it truly wants to refashion itself on climate and energy policy and realize any of these massive new opportunities, the government will need to reshuffle the nation’s energy mix towards a greener future .

U.S. hedge fund Magnetar takes Lyon to court

U.S.-based hedge fund Magnetar Capital, a 25% investor in a Lyon subsidiary, is seeking to wind up the group’s solar and storage unit, in a case before the Supreme Court of New South Wales. Lyon is looking for ways to buy out Magnetar’s share.

Decmil breaks ground on 255 MW Sunraysia Solar Farm

Maoneng Australia, John Laing and Decmil have hosted a sod-turning ceremony on-site in Balranald, NSW. The developer has confirmed the solar farm will be co-located with a large-scale grid connected battery, and stated its plans for an additional 500 MW of solar and energy storage to be added in line with the proposed SA-NSW interconnector.

British Solar Renewables to build Territory’s largest solar+storage project

BSR EPC has secured a contract from Australian renewables developer Epuron to deliver the Northern Territory’s largest solar project – the 33 MW Katherine Solar Farm co-located with a 6 MW battery storage system.

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Snowy 2.0, new Tasmanian connector to deliver fresh opportunities for solar

The federal government’s decision to back the Snowy 2.0 pumped hydro project to the tune of $1.38 billion and the Marinus Link connector to Tasmania with $56 million sets the stage for solar to continue its strong growth in Australia. Analysis shows that additional energy storage capacity makes financial sense in the light of early coal retirements – and create a market for surging daytime solar generation.

Carnegie commissions Garden Island microgrid project

WA-based renewable energy developer Carnegie Clean Energy has completed commissioning of a microgrid project, featuring 2 MW solar PV and 2 MW/0.5 MWh battery, at a naval base in Western Australia.

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