Utility Scale PV

The investment platforms from Octopus Investments Australia are set to acquire three new projects in the coming months in Queensland, Victoria, and New South Wales. Launched in 2022, the OREO and OASIS platforms “allow wholesale investors and mums and dads to invest alongside big institutional investors and get access to big projects in Australia,” Managing Director Sam Reynolds told pv magazine Australia.

Raptor Maps analysed 24.5 GW of large-scale solar assets and determined that power losses due to equipment anomalies nearly doubled from 1.61% in 2019 to 3.13% in 2022. At the module level, cell and diode anomalies were the most common issues, it said.

Executives from Gentari, the clean energy subsidiary of Malaysia’s state-owned oil company Petronas, and Japan’s biggest steelmaker, Nippon Steel, are eying Australia for future investments in renewables projects and green-steel manufacturing.

Australia’s utility-scale solar sector had its third highest month on record in February, generating 1,463 GWh. New South Wales was the country’s top generator, showing the state’s colossal coal turnaround is well underway.

The Queensland government will acquire the $5 billion (USD 3.37 billion) CopperString transmission line project which is set to unlock 6 GW of renewable energy resources and connect Queensland’s North West Minerals Province to Australia’s national grid. The shovel-ready project, many years in the making, is hailed as the biggest expansion to Australia’s energy grid in decades.

Metal recycling company Sims plans to offload its 50% stake in Queensland-headquartered renewable energy group LMS Energy which owns and operates six solar plants and 36 waste-to-energy facilities at landfill sites throughout Australia.

Pacific Partnerships has announced financial close on the Glenrowan Solar Farm, a 102 MW PV project being developed in northeast Victoria. The solar farm is the first project supported by the second Victorian Renewable Energy Target Auction to begin construction.

In recent years, global renewables developer BayWa re has been turning its attention to the Asia Pacific, expanding into Southeast Asia. Junrhey Castro, the company’s director of solar distribution in Southeast Asia, sat down with pv magazine Australia to discuss its experiences in the emerging markets of the Philippines, Thailand, Malaysia, and Vietnam.

Adani (1,755 MW), NTPC (1,618 MW), and Avaada (1,383 MW) were the top developers by projects commissioned in 2022, according to Bridge To India’s latest report.

Global solar developer Lightsource bp is reportedly testing buyer interest in five Australian projects, hiring Macquarie Capital to run early-stage market soundings on the deal which could potentially be worth around $1 billion (USD 670 million).