Utility-scale PV cheapest power source in Asia Pacific, says WoodMac
Wood Mackenzie says the levelized cost of electricity in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.
Glenrowan Solar Farm reaches full capacity in quick time
Less than 12 months after construction began in northern Victoria and the 102 MW Glenrowan Solar Farm has been completed and commissioned and is now operating at full unconstrained capacity.
Fortescue pushes back decision on Gibson Island hydrogen project
Fortescue and renewable energy developer Genex Power have again pushed back the sunset date on their 25-year solar supply deal for the 70,000-tonne green hydrogen production facility being developed at Gibson Island in Queensland.
ACEN lands loan to boost renewables expansion in Australia
Philippines-based energy company ACEN Corporation has secured a $150 million funding package that will bolster its plans to deliver a 9 GW portfolio of solar, wind, battery storage and pumped hydro projects in Australia.
Shining a light on module quality
With solar panel prices tumbling, project developers will need to be vigilant about quality. Comprehensive product testing could be a vital safeguard as PV manufacturers struggle to retain their margins, according to Everoze’s Martin Laing and Gauthier Dambrine.
EDF to drive development of 3 GWh pumped hydro project
The Australian arm of French energy giant EDF Group has acquired and agreed to co-develop the proposed 300 MW / 3 GWh Dungowan pumped hydro energy storage project being progressed in the New South Wales New England region.
South Australia ramps up net 100% renewables target
The South Australian government has accelerated its net 100% renewables deadline from 2030 to 2027, declaring the target is achievable due to the state’s new wind and solar developments and investment in green hydrogen.
Equinix unveils 1 MW rooftop system at Melbourne data centre
With assistance from a Victorian government energy efficiency initiative, United States-headquartered digital infrastructure company Equinix has installed a 1 MW rooftop solar system atop one of its Melbourne data centres as it continues to build upon its broader clean energy program.
Collie Battery to get slice of Neoen’s $1.1 billion finance pie
The 219 MW / 877 MWh Collie Battery Stage 1 project being constructed in Western Australia’s southwest is the first new asset to be financed through a landmark $1.1 billion deal completed by French renewables developer Neoen.
X-Elio strikes million-dollar deal with NSW council
Spain-headquartered renewables company X-Elio has committed to make a $1 million community contribution as part of its plans to develop a 90 MW solar farm and 25 MW battery energy storage system in the New South Wales central west.
