Solar developers have until Aug. 23 to bid for the rights to build up to 1.5 GW of grid-connected solar projects under 25-year power purchase agreements.
Octopus Investments Australia, a subsidiary of the major global Octopus Group, today launched two renewable energy investment vehicles totalling $10 billion. The Octopus funds’ first joint acquisition is Australia’s largest operational solar farm, the 333 MW Darlington Point Solar Farm in New South Wales.
An international research team has developed a new methodology to increase levels of pollination at ground-mounted solar plants. It involves the development of new vegetated land cover below and around solar parks.
Victorian Opposition Leader Matthew Guy has vowed to “turbo-charge renewables”, promising at least one million additional Victorian homes would have solar PV and battery energy storage systems installed by 2035 if the Coalition is voted in at the November state election.
The nation may miss its 2030 target of 500 GW renewables capacity by over 104 GW under the current market trend.
The Australian arm of global renewable energy developer Fotowatio Renewable Ventures has pointed to the refinancing of its 100 MW Lilyvale Solar Farm in Queensland as a sign of renewed investor confidence in the nation’s renewables sector.
Australian renewables developer South Energy has announced a series of “significant milestones” with a trio of large-scale solar PV and battery projects, with an aggregated capacity of more than 390 MW, getting the tick of approval from relevant authorities.
South Australia is closing fast on its target to be powered by 100% net renewables by the end of the decade with new data revealing a combination of wind and solar energy provided a daily average of almost 70% of the state’s electricity needs last financial year.
Oil and gas major bp Australia has teamed with gas and engineering company BOC to build what it describes as the first green hydrogen refuelling facility to be installed at an existing petrol station in Australia.
The average global price of solar kilowatt-hours fell 13% on 2020’s prices, as around two-thirds of the renewables capacity installed last year was cheaper than the lowest-cost fossil fuel alternative.
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