Brookfield, EIG boost Origin Energy takeover bid
The Brookfield-led consortium looking to acquire Origin Energy has come back with a “best and final” bid that values the company at approximately $20 billion (USD 12.85 billion). The offer comes just days after the energy utility’s largest shareholder rejected the previous bid.
Akaysha to begin building 300 MWh Ulinda Park battery project
Australian battery and renewable energy developer Akaysha Energy said construction of its 150 MW/300 MWh Ulinda Park big battery planned for Queensland’s Western Downs region will commence in the coming weeks with the company having now reached a final investment decision on the project.
Transformer shortages: New bottleneck of the energy storage supply chain
Transformer shortages are taking their toll on battery energy storage system (BESS) integrators, as competition in the market intensifies.
Trina unveils new 4 MWh battery fully manufactured in house, pushing into bullish battery segment
Trina has unveiled its new utility-scale battery, the Elementa 2, at Melbourne’s All-Energy conference. The company is offering design engineering services to support uptake of the 2 MW / 4 MWh LFP battery for Australian projects.
New market player snaps up 370 MWh Victorian battery project
Asset management company Sosteneo Infrastructure Partners has made its first foray into the Australian renewable energy market, purchasing the 185 MW/370 MWh Koorangie Energy Storage System in northern Victoria from Edify Energy.
Weekend read: Australia’s big BESS, big bet
As Australia’s big battery fleet continues to charge ahead, the battery revenue stack is evolving – and so are financing opportunities.
MPower strikes panel, tracker supply deal with Trina Solar
Australia’s MPower has inked a supply deal with China-headquartered manufacturing giant Trina Solar that will support the ongoing rollout of the renewables developer’s portfolio of mid-scale solar power and battery energy storage projects.
Climate jobs campaign warns skills shortage threatens energy transition
Australia needs 200,000 more people in clean economy jobs by 2030, or risks missing its renewable energy targets according to a new campaign backed by Australian tech billionaire Mike Cannon-Brookes.
Revived SEC targets 4.5 GW of renewable generation and storage
Victoria’s State Electricity Commission is officially back as an active energy market participant with the state government revealing the publicly owned enterprise will invest an initial $1 billion (USD 630 million) to help fast-track the delivery of 4.5 GW of new renewable energy and storage projects.
Queensland to legislate public ownership of energy assets, renewables targets
Queensland’s transition from a reliance on coal-fired power to renewables has taken a step forward with the state government tabling a new bill in parliament that locks in its commitments to public ownership in the energy system and renewable energy targets.
