Elon Musk to step down as Tesla chair
Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a $40 million penalty and structural changes at Tesla.
Tesla battery installed at UNSW campus
The University of New South Wales has unveiled a 500 kWh Tesla Powerpack battery at its campus as part of a ten-year energy research trial in partnership with NSW’s electricity transmission network operator TransGrid.
Genex gets regulatory nod for Kidston pumped hydro
Sydney-based publicly listed Genex Power has announced it has received a development approval for a 250 MW pumped storage hydro project, as part of its landmark renewable energy hub in far-north Queensland.
Manufacturing MoU inked for 150 MW CSP Aurora project in SA
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.
Victorian auction winners outline construction plans
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.
Genex acquires 50 MW NSW solar project
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.
South Australia earmarks $180 million for home & grid-scale batteries, demand response
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.
Elon Musk scraps plan to take Tesla private
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
Batteries material market set to grow 9% until 2022
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.
New South Wales to host major renewable energy hub
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.
