FRV achieves financial close on 68 MW solar project in NSW
Fotowatio Renewable Ventures (FRV) has secured financing for the 67.8 MW Goonumbla Solar Farm in New South Wales. The Spanish developer inked a power purchase agreement for the project with Snowy Hydro last year.
Australian airports turn to emissions-linked financing amid growing appetite for sustainable lending
As sustainability-linked debt financing continues to gather momentum, Australian airports are turning to innovative funding mechanisms. In the latest such deal, the operator of Gold Coast Airport will be incentivised to reduce carbon emissions under a loan agreement with Commonwealth Bank and Westpac.
Connection issues continue to hamper large scale solar PV projects
The 60 MW Kennedy Energy Parkhas been deprioritised by its developer Windlab due to “uncertainty around connection solution.” The move comes despite the fact the hybrid solar, wind and storage facility known as “Big Kennedy” was completed last December.
Old South Freo tip solar farm gets green light
The proposal to build a solar farm on the site of the old South Fremantle tip has been given final development approval. Construction on the former landfill site, for which various redevelopment plans had been submitted since 1985, finally looks set to move ahead.
Batteries well-suited to play valuable role in grid management in New Zealand’s energy transition
A report published by New Zealand’s state-owned transmission grid operator Transpower finds the widespread uptake of distributed battery storage could play an important role in supporting the power system as rooftop PV and electric vehicles are increasingly adopted.
Cambodia approves four PV projects totaling 140 MW
The Cambodian government has decided to approve four new solar projects, ranging in size from 20 MW to 60 MW, in response to rising energy demand. It further announced that the 60 MW project that it tendered at the beginning of the year is planned to start commercial operations in August.
More calls for review of Victoria’s Solar Homes Program
Following similar calls from other industry bodies, the Clean Energy Council has urged the Victorian government to review its landmark Solar Homes Program and warned about the serious effects its dynamics has on the industry.
Terregra switches on its first merchant solar farm in South Australia
The 5 MW Mobilong Solar Farm will run on a fully merchant offtake arrangement over its 30-year lifetime.
Long read: Pursuing a 20% bifacial boost
Research on bifacial solar panel performance has moved performance analysis closer to a standardized practice than ever before. More field tests are underway across the United States, and the first waves of data are expected this year. These tests will help standardize a predictive model for bifacial projects that is bankable.
China auction allocates subsidies for 22.7 GW of solar with lowest bid of $0.0407/kWh
China’s National Energy Administration has given the greenlight to 3,921 ground-mounted and distributed generation projects. The approved energy price bids ranged from $0.0407 to $0.080, depending on system size, for an average price of $0.048.
