Largest energy storage tender in NSW history now open
The New South Wales government has made history, opening two significant tenders for projects of up to 1 GW of new, long-duration storage, and up to 3.98 GW of access rights to the South West Renewable Energy Zone.
Brookfield reaches agreement to acquire majority stake in Neoen
Canadian global asset management company Brookfield has reached agreement for a majority stake in Australia’s largest developer of renewables, France-headquartered Neoen, and is set to acquire a 53.32% stake in pursuit of 100% ownership.
Squadron plans 2 GW renewables project for South West REZ
Andrew Forrest’s Squadron Energy has lodged documents with the New South Wales government in a forward step on its proposed 2 GW Koorakee Energy Park that is to include a 1 GW solar farm and 1 GW of wind energy backed by a 1 GW / 12 GWh battery energy storage system.
Evolution pushes ahead with 20 GWh pump hydro project
Australian miner Evolution Mining is moving on a $7 billion plan to build a 2 GW / 20 GWh pumped hydro electricity generation facility in the pit of a 20-year-old gold mine in southeast Queensland.
RWE green lights Australian first eight-hour big battery
Australia’s first eight-hour battery energy storage system is set to go ahead with German energy major RWE announcing it has taken the investment decision and signed key contracts for the Limondale battery project being developed in southwest New South Wales.
SEI teams with ACEnergy to deliver 270 MWh of distributed battery projects
Australian energy infrastructure asset owner and manager Sustainable Energy Infrastructure is set to broaden its development strategy, teaming with renewables developer ACEnergy to roll out an initial tranche of seven battery energy storage systems with a combined capacity of approximately 35 MW/ 70 MWh.
Tasmania launches consultations on first renewable energy zone
Consultation on Tasmania’s proposed first coordinated renewable energy zone in the state’s northwest has begun, putting the Apple Isle a step closer to its legislated target to be 200% powered by renewables by 2040.
Renewables must triple by 2030 to hit net-zero by 2050, says BloombergNEF
BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net zero by 2050. Its net zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
Renewable energy projects predicted to drive $20 billion construction boom
Spending on building renewable energy infrastructure is forecast to peak at $20 billion in 2026, stimulated by the Australian government’s target of 82% electricity from renewables by 2030, but caution remains over workforce capability.
CEFC confirms $490 million commitment to accelerate NSW grid transformation
Development of the Central West Orana Renewable Energy Zone is predicted to now accelerate with the federal government’s green bank announcing a $490 million commitment to support the development of key grid infrastructure in the New South Wales central west.
