U.S. hedge fund Magnetar takes Lyon to court
U.S.-based hedge fund Magnetar Capital, a 25% investor in a Lyon subsidiary, is seeking to wind up the group’s solar and storage unit, in a case before the Supreme Court of New South Wales. Lyon is looking for ways to buy out Magnetar’s share.
Decmil breaks ground on 255 MW Sunraysia Solar Farm
Maoneng Australia, John Laing and Decmil have hosted a sod-turning ceremony on-site in Balranald, NSW. The developer has confirmed the solar farm will be co-located with a large-scale grid connected battery, and stated its plans for an additional 500 MW of solar and energy storage to be added in line with the proposed SA-NSW interconnector.
British Solar Renewables to build Territory’s largest solar+storage project
BSR EPC has secured a contract from Australian renewables developer Epuron to deliver the Northern Territory’s largest solar project – the 33 MW Katherine Solar Farm co-located with a 6 MW battery storage system.
Snowy 2.0, new Tasmanian connector to deliver fresh opportunities for solar
The federal government’s decision to back the Snowy 2.0 pumped hydro project to the tune of $1.38 billion and the Marinus Link connector to Tasmania with $56 million sets the stage for solar to continue its strong growth in Australia. Analysis shows that additional energy storage capacity makes financial sense in the light of early coal retirements – and create a market for surging daytime solar generation.
Carnegie commissions Garden Island microgrid project
WA-based renewable energy developer Carnegie Clean Energy has completed commissioning of a microgrid project, featuring 2 MW solar PV and 2 MW/0.5 MWh battery, at a naval base in Western Australia.
Western Power to roll out 57 stand-alone power systems at farms
The Western Australian government-owned utility has inked $8.8 million in contracts signed for the first stage of its landmark off-grid program for regional properties. The deployment will be led by local WA companies, Hybrid Systems and BayWa r.e. Solar Systems.
1.5 GW solar, 500 MWh battery project breaks ground in Queensland
The first sod has been turned on a massive solar+storage development located between Harlin and Kilcoy, in south-east Queensland. The project was proposed by Sunshine Energy Australia, a newcomer to the Aussie solar scene.
Australia shines for Neoen in 2018 results, Hornsdale big battery generates close to $29 million
Australian renewable energy projects have accounted for 53% of French developer and IPP in 2018. Globally, Neoen generated €227.6 million in revenues ($363 million), of which wind was responsible for 48% and solar 44%. Hornsdale’s “excellent performance” is spurring the company to expand its large scale storage portfolio in 2019.
Energy Renaissance selects Cadenza as technology partner, aims to establish 1.3 GWh lithium-ion cell manufacturing in Australia
A bold plan to establish a 1.3 GWh lithium-ion battery cell and module factory in Australia has moved a step closer to reality with prospective manufacturer Energy Renaissance selecting U.S. battery cell developer Cadenza Innovation as technology partner. Energy Renaissance plans to have modules rolling off its first 300 MWh pilot line within one year.
Pacific island nation re-tenders big solar-plus-storage project
An initial tender on Palau was won by French energy company Engie, through its unit Engie Electro Power Systems. The 100 MW microgrid project consisted of coupling 35 MW of solar and 45 MWh of storage with diesel generation.
