Melbourne-headquartered infrastructure and energy investment firm Kai Global and South Korea’s Wide Creek Asset Management have launched a $500 million joint venture dedicated to solar and battery energy storage projects in Australia.
The Australian government has announced it will open four new Capacity Investment Scheme tenders before the end of the year as it seeks to deliver on its objective of introducing 32 GW of new variable renewable energy capacity by the end of the decade.
Envision Energy and FERA Australia have signed an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia’s national electricity market (NEM), with the potential to deliver up to 1.5 GWh of battery energy storage.
Transgrid has chosen grid-forming batteries and synchronous condensors as its preferred system strength technologies, as coal generators retire over the next decade and renewable energy supplies the state.
New data from Rho Motion shows that more than half of June’s battery energy storage installations were concentrated in China, maintaining the country’s dominance in the global energy storage market.
Planning and transmission delays top the list of development challenges for renewable energy investment in Australia with a new survey showing almost 50% of investors rate the country as only “somewhat attractive” for future projects.
Australian resources company Graphinex has officially launched its battery anode manufacturing hub in north Queensland, a facility capable of taking graphite from mine to battery-ready material using full-scale commercial equipment.
Another big battery project has been unveiled for New South Wales with the state and federal governments receiving a proposal for a 1 GW / 4 GWh battery energy storage facility to be developed at Kiar, on the Central Coast.
New large-scale solar farms in Australia’s southeast could be forced to curtail up to two thirds of their power generation by 2027 due to delays in energy transmission infrastructure projects, according to new analysis from the Australian Energy Market Operator.
Australian renewables developer Edify Energy has unveiled plans for a major 2.4 GWh solar and integrated battery energy storage facility in northwest Victoria, adding to its growing portfolio of power generation and storage projects.
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