U.S. firm SolarReserve is moving on its massive solar thermal plant project in South Australia having signed a memorandum of understanding with local outfit Heliostat SA.
The developers that emerged as winners in the Victorian government’s first renewable energy auction have confirmed receiving support agreements from the state to ensure revenue certainty for the projects. The companies have also outlined their construction plans, some of which even include batteries.
The Sydney-based publicly-listed developer is planning to finance construction of the 50 MW Jemalong solar project either on a merchant basis given the strong NSW price forecast, or under a potential offtake arrangement.
The South Australian government says it is looking to implement a series of reforms to improve the reliability, affordability and security of the state’s energy market. According to its latest state budget, released on Tuesday, it has allocated $180 million to execute the program.
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
A report by Technavio suggests the global market for battery materials could grow 9% annually in the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver.
Australia’s developer CWP Renewables has announced that its plans to add a 200 MW solar+storage project to the 270 MW Sapphire Wind Farm have been approved by the state government.
The driving force behind the innovative energy storage system installed at Amsterdam’s John Cruiff ArenA in the Netherlands, The Mobility House (TMH), talks to pv magazine about the death of the combustion engine, and how electric vehicles (EVs) are presenting both strong business cases, and unparalleled levels of flexibility via decentralized intelligence – blockchain technology – for electricity grids around the world.
South Australia readies to welcome another grid-scale Tesla battery – 25 MW / 52 MWh energy storage system to be installed at the Lake Bonney Wind Farm.
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.
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