In addition to securing debt financing from a consortium of banks, the Australian-Chinese renewables developer has entered into a long-term equity partnership with global infrastructure investor John Laing for the investment and development of the Sunraysia Solar Farm. John Laing confirmed it will invest $108.6 million in the project, taking a 90.1% stake.
The Asian Renewable Energy Hub’s generation capacity has been boosted from 9 GW to 11 GW, as Macquarie Group has pledged to invest in the project that aims to export power to South East Asia, as well as supply big miners and green hydrogen projects in the Pilbara region, Western Australia.
Owing to its state-based renewable energy initiatives, Victoria is in the box seat to create more than 6,000 jobs annually, shows a new analysis released by Green Energy Markets. Overall, renewable energy generation managed to exceed 25% of power supply for the first time across Australia’s main grids.
With the first Quality Roundtable Australia set to kick off tomorrow at All Energy, Aaron Zadeh, Product Marketing Manager – Utility Solar at ABB sets out how advanced project simulation monitoring can avoid costly issues before they become a problem.
WA-based renewable energy developer Carnegie Clean Energy has announced the departure of its long-serving managing director Michael Ottaviano and reveled major updates on its projects, including the 10 MW Northam Solar Farm and its solar/battery microgrid projects.
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.
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