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.
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.
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.
Tasmania’s ambitions of becoming the Battery of the Nation improve after early reports on the proposed Marinus Link, a second interconnector between Tasmania and Victoria, show the project’s economic advantages far outweigh expected costs.
Adelaide-based energy storage specialist 1414 Degrees has announced plans to acquire SolarReserve Australia II, which owns the Aurora Solar Energy Project in South Australia and two solar sites in New South Wales. The company proposes to use the Aurora site to build a massive 400 MW solar farm with progressive thermal storage capacity to several thousand MWh.
The project is an extension of the Hélio Boulouparis 1 installation, which was commissioned in May 2017 with 11.2 MW of capacity.
A survey run by the Clean Energy Council shows confidence in new clean energy investment continued to weaken over the past six months. While a big majority of industry representatives expect to hire more staff in the next 12 months, the biggest challenges to developing new projects remain unchanged with grid connection process and technical requirements and policy uncertainty at the top of their list of concerns.
The Kidston solar-pumped hydro project is back on its feet after Japanese utility J-Power and Genex Power renegotiated their deal with the extension of funding provided by the Northern Australia Infrastructure Facility Board earlier this month. The project had been thrown off-course after a shock decision by EnergyAustralia not to finalise a purchase agreement.
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