WA capacity pricing benchmark swaps gas for batteries, and ups returns 57%
The Western Australian Economic Regulation Authority has determined both the peak and flexible benchmark reserve 2027/28 capacity prices to be $360,700 / MW / year, and represents a jump of 57% on the previous year.
Hithium to supply 128 units of 5 MWh battery solutions for Woolooga BESS
China-based battery manufacturer Hithium will supply 128 units of 5 MWh containers for the 640 MWh Woolooga battery energy storage system being built in Queensland by London-based Lightsource bp.
Neoen lands $1.4 billion debt finance for an additional 1.3 GW of renewables
French renewables developer Neoen has more than doubled its Australian renewable energy portfolio financing by securing a further $1.4 billion of debt for an additional 1.3 GW of wind, solar and storage assets.
Battery storage key to nailing renewable energy target of 82% by 2030: report
Doubts about Australia’s ability to power the National Electricity Market with 82% renewable energy by 2030, have been put to bed by a new report issued from Climate Energy Finance, citing among positive contributors to acceleration, off-the-charts battery storage growth.
Lightsource bp bumps capacity of nation’s clean projects starting construction over 8 GW
Lightsource bp has started construction of its million panel Goulburn River hybrid project in NSW and Woolooga battery energy storage system in Queensland, simultaneously bumping the nation’s renewables capacity starting construction over the 8 GW line.
Gas generation plant in New Zealand to be replaced by Lightsource bp solar farm
A 170 MW Aotearoa, New Zealand solar and battery project developed through a joint venture between Lightsource bp and Kiwi gentailer Contact Energy, will be co-located then replace an existing gas fired generation plant.
Edify’s hybrid projects get double tick from capacity investment scheme
Edify Energy has been awarded two Capacity Investment Scheme (CIS) agreements for its co-located hybrid Ganymirra and Majors Creek solar and battery power stations in Townsville, North Queensland.
CIS generation tender 1 will deliver 2.75 GW of solar generation to the NEM
Twelve of the 19 successful Capacity Investment Scheme Tender 1 bids have been allocated for 2,750 MW of solar generation, split between New South Wales, Victoria and Queensland.
Vanadium flow battery Project Lumina progresses, gets visit from the PM
Vanadium producer Australian Vanadium’s subsidiary VSUN Energy’s vanadium flow battery Project Lumina has progressed with the appointment of service providers GenusPlus Group, Sedgman and Austrian company CellCube.
Low cost renewables still unbeatable after seven consecutive years: GenCost report
For the seventh year in a row, a CSIRO report has found renewables have the lowest cost range of any new-build electricity generation technology, with solar and wind coupled with firming technologies like batteries remaining the standouts.
