Utility Scale PV

Germany’s innogy is all set to deliver its first utility-scale solar PV project in Australia. Preparation works and pre-pilling tests are currently underway, and main works are expected to commence this October.

Through the listing on the French stock market, the independent power producer hopes to raise enough capital to increase its renewable energy assets from 2 GW to 5 GW. Impala intends to subscribe to the offering and remain majority shareholder.

With enough large-scale projects under construction or already built to meet the 2020 Renewable Energy Target, the Clean Energy Regulator keeps tracking the progress across the market, as the development pipeline nears the 9 GW threshold.

The company data center in Singapore will be provided with solar power by Sembcorp Industries under a 20-year PPA. The required electricity will be generated across 900 rooftop PV systems totaling 50 MW.

Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.

The developers that emerged as winners in the Victorian government’s first renewable energy auction have confirmed receiving support agreements from the state to ensure revenue certainty for the projects. The companies have also outlined their construction plans, some of which even include batteries.

Although initially expected to deliver around 650 MW, Victoria’s first renewable energy auction has smashed the goal, delivering 928 MW of renewable capacity. Six projects will be developed in total, three wind and three solar, under the state’s renewable energy target. In a separate announcement, the Andrews government promised to provide half price solar batteries for 10,000 Victorian households, if re-elected.

The Sydney-based publicly-listed developer is planning to finance construction of the 50 MW Jemalong solar project either on a merchant basis given the strong NSW price forecast, or under a potential offtake arrangement.

Chinese wind turbine supplier and project developer Goldwind is looking to offload its Australian wind and large scale solar development pipeline, according to reporting from the Australian Financial Review. The move amounts to one of the first international players looking to exit the Australian renewables marketplace in the face of policy chaos.

Clearway Energy Group has been formed from NRG’s renewable energy businesses and SunPower’s project pipeline. The move echoes GIP’s acquisition of Equis Energy, which now renamed Vena Energy is developing a GW-scale pipeline in Australia.