Lightsource bp secures $330 million for QLD and NSW solar farms
Lightsource bp, the solar arm of oil major BP, has reached financial close on its 107 MW West Wyalong Solar Farm in New South Wales and its 214 MW Woolooga Solar Farm in Queensland, bringing the company’s Australian pipeline to over 1.5 GW (DC) and exhibiting the strength of green investment strategies.
Registrations of interest open for Australia’s biggest REZ
Australia’s largest renewable energy zone is one step closer to fruition with the New South Wales Government calling for registrations of interest from developers of solar PV, wind and energy storage projects.
Pilbara project signs on to green hydrogen certification scheme
The Smart Energy Council’s Zero Carbon Certification Scheme continues to gain traction with ammonia producer Yara the latest to sign on as a founding partner as it seeks to guarantee the green credentials of its products for customers both here and overseas.
New IEEFA report sees South Australia as world’s energy transition model
The Institute for Energy Economics and Financial analysis (IEEFA) has published a report in which it points to seven key lessons energy planners the world over can take from South Australia’s extraordinary renewable energy integration. However, even South Australia, IEEFA’s model, still requires thoughtful planning and policy for the path forward.
EPC loyalty culminates in two companies commanding Australia’s tracker market, analysis finds
Australia’s single axis tracker market has been deemed “highly concentrated” with just two companies, Nextracker and Array Technologies, commanding 77% of the market, the equivalent of 5.8 GW AC, according to analysis from Rystad Energy RenewableCube.
5B’s modular expansion plans boosted by bigwig investment
5B, the Sydney-based modular solar manufacturer has successfully completed its most recent $12 million funding round, and along with the continued support of existing investors, the clean technology company also received investment support from former Australian Prime Minister Malcolm Turnbull and Smart Energy Council Director Simon Holmes à Court.
Batteries boom as investment in large-scale renewables slumps to a 5-year low
New data released by the CEC and confirmed by industry experience, shows investors have become shy of committing to large-scale renewable projects in Australia, where government intervention has created uncertainty, and grid risk is virtually impossible to quantify — even with a prized connection agreement in hand.
Critical energy transition infrastructure gets the regulatory green light!
TransGrid and ElectraNet have shovels at the ready to begin work on the long-planned and hard-won Project EnergyConnect, which will link three Australian states with much needed capacity for transmission of renewable energy.
Rystad doubles IEA calculations on solar PV required by 2050 — think 50,000 TWh
Solar rules in any scenario of what the world needs to work towards over the coming three decades, to keep global warming under 1.5 degrees. But analysts at Rystad Energy have arrived at a far greater tally than recent IEA projections of how much PV people will be plugging into.
Saturday read: Five trends to watch in Southeast Asia
Minh K Le, senior renewables analyst at Rystad Energy, examines five key trends to watch in Southeast Asia utility-scale solar, as mega-scale projects ramp up, Indonesia emerges, and Vietnam steps back.
