The Singapore-based developer plans to build another stage of the solar project similar in size and add a grid-scale battery.
Renewable energy investment in the APAC region, excluding China, will overtake spending on oil and gas exploration and production spending by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.
The combination of solar plus storage is super-charging the deployment of batteries across the country, and IHS Markit says that the United States will become the largest market for grid-tied energy storage this year.
The Western Australian Environmental Protection Authority is seeking public submissions on the massive Asian Renewable Energy Hub proposed for the Pilbara region.
Canadian company CellCube Energy Storage Systems and Pangea Energy have signalled their intention to install a 50 MW/200 MWh energy storage system in Port Augusta, South Australia.
Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
South Australia’s coal-fired electricity industry is in its final chapter with the sale of the 65-year-old Port Augusta power station site expected to reach settlement by the end of the month.
The latest figures from the Australian Energy Market Operator (AEMO) show that solar continues to eat into the share once firmly held by coal on the back of a dramatic increase in installations over the past 12 months. The trend was backed by energy storage facilities which continued to gain foothold as providers of frequency control and ancillary services, lowering overall costs in the first quarter of 2019.
The Brisbane-based solar and storage developer has placed Lyon Solar, Lyon Battery Storage and Lyon Infrastructure Investments 1 into voluntary administration after being embroiled in a court case over a wind up notice issued by one of its investors.
Outgoing APA Group CEO Mick McCormack has pointed to a bright future for power-to-gas in Australia in an address to a Macquarie Group conference this week. The long-serving gas infrastructure head said that excess PV generation, particularly when generation is at remote sections of the grid, could be utilised to produce green hydrogen.
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