A consortium led by Australian financial group Macquarie Asset Management will acquire French solar developer Reden Solar. The $3.7 billion (€2.5 billion) transaction is expected to be finalised in the third quarter of this year.
Construction of an innovative solar to green hydrogen microgrid in the Daintree Rainforest is set to commence with the Federal Government signing off on a multi-million-dollar deal to bring renewable power to communities in the World Heritage-listed region in Far North Queensland.
Emerging Western Australian renewable energy project developer Frontier Energy is pushing ahead with “significantly advanced” plans to develop a large-scale solar PV farm in the state’s southwest after the successful completion of an $8 million capital raising.
The merits of pre-assembled and modular solar solutions have been showcased by independent power provider Nomadic Energy which this week revealed it had taken less than 21 days to complete a 2MW install at Northern Star Resources’ Carosue Dam gold mining operation near Kalgoorlie in Western Australia.
Construction is set to commence immediately on the first stage of a 1.2GW hybrid wind, solar and battery energy storage project in Central Queensland following Australian iron ore magnate Andrew Forrest’s announcement that he has invested $3 billion in the ‘shovel ready’ development.
A cohort of 25 New South Wales councils has signed a renewable energy supply deal worth an estimated $180 million that will see the local government associations supplied with electricity sourced from three of the state’s large-scale solar farms.
The 40MW/60MWh Alaminos Energy Storage system is now connected to the 120MW Alaminos solar park. Both facilities were built by renewable energy developer AC Energy.
One of Southeast Asia’s biggest generators of renewable electricity, Thailand’s CK Power, is set to double in size over the next three years after announcing plans to add 2.8GW of new renewable electricity generation, including a ten-fold increase in its solar capacity.
Renewable energy investors have again shattered the New South Wales Government’s expectations with more than 80 clean energy projects representing more than $100 billion of potential investment registering for the Hunter-Central Coast Renewable Energy Zone.
Australia has hit a historic milestone, reaching 25GW of installed solar. As the Australian PV Institute noted on Monday, that’s more solar per capita than anywhere else in the world.
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