Over recent years, the energy industry has been working hard to provide the structure and a regulatory framework for a market that recognises the value of coordinated demand response. Today marked the second wave — after the opening of the FCAS market in 2017 — of opportunity for organisations to trade their flexible electricity loads on the wholesale electricity market. The resulting efficiency gains are an important piece of the energy transition puzzle.
After a failed bid last year to gain control of Australia’s Infigen Energy, Philippines-based AC Energy takes over its partner’s 51.6% stake in UPC\AC Renewables.
The 145 MW Cirata floating PV project achieved financial close in August. The developers claim that the array, which covers 200 hectares of the water’s surface, is an example of transferring new technology that will pave the way for Indonesia’s solar industry and enable the setting of new policies.
Australian clean energy investment firm Providence Asset Group will roll out hydrogen-lithium battery technology at its solar farms after partnering with the Commonwealth Bank to fund a portfolio of 10 community-based solar plants in regional Victoria as part of the group’s larger ambitions to develop up to 40 ~5 MW solar farms across the eastern states.
Sydney-based prefabricated solar array manufacturer 5B has taken the wraps off a new generation of its re-deployable modular Maverick solar technology which it says is not only quicker and easier to install than the previous model but 30% more powerful.
Mining giant Rio Tinto has been on the back-foot since its destruction of 46,000-year-old sacred indigenous sites last year, costing one chief executive his job and one country a timeless piece of its cultural heritage. Along with the impacts of Covid-19 and stock price decline, the company is seeking to rebuild its brand with improved emissions reduction targets, which will see multi-gigawatt solar and wind installations.
Singapore-based Sun Cable has unveiled a powerhouse line-up of international engineering and advisory companies to help it deliver the world’s biggest solar PV and battery energy storage project being developed in Australia’s remote far north.
A new study from researchers at the universities of Lancaster and Reading in the UK has managed to quantify the economic boost provided by the symbiotic relationship between solar farms and honeybee hives.
Western Australia grid operator Western Power is expanding its microgrid strategy as it aims to improve the resilience and reliability of electricity supply in regional communities, calling for registrations of interest to develop a renewables-based disconnected microgrid capable of powering a small rural town.
Australian oil and gas giant Woodside is continuing its exploration of renewable energy, partnering with United States-based concentrated solar power entity Heliogen to build a 5 MW solar thermal demonstration plant in California which is expected to be capable of delivering clean energy with nearly 24/7 availability.
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