Sterling & Wilson picks up 500 MW Australian pipeline
Indian EPC Sterling & Wilson continues to expand its Australian project pipeline. The EPC reports that it is working on projects worth a total of $600 million.
Foresight to issue new share placement, eyes Australian project acquisitions
Having acquired its first Australian projects earlier this year, UK based Foresight is raising funds for future acquisitions. The Foresight Solar Fund has announced plans for more than GBP 75 million (US$99 million) in investments through the placement of new shares.
Melbourne Energy Hack winners develop marketplace to open underutilised rooftops to PV
‘Solar Air-BnB’ model emerges from 2017 Melbourne Energy Hack. Consumers that do not have access to rooftop for a PV installation can be connected to roofs that are currently free of PV in the innovative solution.
Equis Energy snapped up by GIP in record $5bn renewables deal
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
Queensland to offer no-interest loans for solar systems
As part of the $2 billion affordable energy plan, the Queensland Government has announced it will invest $40 million in schemes to improve access to both solar energy and storage systems.
RES reaches financial close on 68 MW PV plant in Queensland
RES Australia has announced financial close on the Emerald Solar Park, a 68 MW PV project to be located in the Central Highlands region of Queensland. The project is the first in Australia to be supported by a PPA with a corporate off-taker.
Solar costs will fall 60% over next decade to fuel PV adoption, says IRENA head
The International Renewable Energy Agency (IRENA) forecasts as much as 90 GW of new solar additions annually across the globe over the next few years, driving a 60% reduction in costs.
Interview: China’s PV developers see opportunities in Australian market growth
Chinese PV component suppliers and project developers are continuing to push strongly in to international markets and are eyeing up new opportunities in Australia. Tenders, hybrid arrays and agri-PV all represent opportunities.
Uncertainty reigns for WA under NEG
The future of solar deployment in Western Australia remains uncertain under the Federal Government’s National Energy Guarantee policy. Excluded from the program, WA solar proponents report that market conditions “may get even harder” for PV in the state.
CEFC provides debt finance for Australia’s first wind+solar+storage array
The Clean Energy Finance Corporation will provide $94 million as the sole debt financier of Australia’s first co-developed wind, solar and storage array. The 60 MW Kennedy Energy Park is being developed by Windlab and Eurus Energy and will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage.
