Markets & Policy

CER confirms 2018 smashed records

With more than 360 power stations accredited with a cumulative capacity of 3,376 MW, the Clean Energy Regulator says 2018 was a record year for Australia’s large-scale renewable capacity additions.

South Australia welcomes 30 MW/8 MWh battery

Another big battery has gone live in South Australia with the goal to contribute to energy security and reliability as a heatwave puts grid under pressure. The $30 million energy storage system is developed and owned by ElectraNet, as the first battery in the NEM to provide regulated network services and competitive market services.

Sunseap acquires minority stake in Todae Solar

Singapore-based solar developer Sunseap has taken a minority stake in Todae Solar, one of Australia’s largest solar commercial and industrial EPC companies.

Canadian Solar acquires 30 MW SA solar project

The Chinese-Canadian solar manufacturer has bought a South Australian large-scale solar farm from renewables developer Tetris Energy. A PPA has been inked with electricity retailer Flow Power to power some of the local agricultural business.

Octopus, Edify Energy provide finance for 333 MW Darlington Point solar farm

In the UK investor’s first deal since entering the Australian marketplace, Octopus Investments and Australian renewables developer Edify Energy have arranged more than $450 million to finance one of Australia’s major PV projects – a 333MW DC (275MW AC) solar farm, which has an approval to be collocated with a 100 MWh energy storage facility at Darlington Point, NSW.

Genex Power releases new details on Kidston project

After releasing the December quarter update for the 50 MW Kidston Solar Project Stage 1, which showed strong revenues and a big boost in generated power, Sydney-based Genex Power has shared a research paper on the term sheet signed with electricity provider EnergyAustralia for the 250 MW Kidston Stage 2 Pumped Hydro Storage development.

Follow the sun: Deeper data from OpenNEM

Melbourne University’s Energy Transition Hub has released an update on its popular OpenNEM data tool, adding historical data to the searchable stream of information on where Australia’s energy is coming from, how we use it and what it costs.

Obton enters Australian PV marketplace through JV partnership

Danish renewables investor and asset manager Obton has set up a joint venture with Australian developer Torus with the goal to buy, develop and build solar projects Down Under. With several projects already in its pipeline, the company says it has faith in the market despite policy uncertainty.

Solar PV capacity additions triple in 2018 amid utility-scale boom

Australia’s solar PV capacity additions tripled in 2018, as its rooftop solar fleet continued to set new records high and big PV experienced an unprecedented growth. While stabilization in electricity prices could lead to a slowdown in the rooftop solar segment in all states except Victoria, it is unlikely to result in a noticeable decline in sales in 2019. Large-scale solar PV is in line for over 3 GW this coming year, while small power stations up to 5 MW will also get their time to shine.

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Victoria’s Solar Homes program boosts jobs and businesses

In addition to its primary goal of driving down energy bills, the Victoria Labor government’s major push for the rooftop solar deployment across the state in the form of rebates and interest-free loans granted under a $1.24 billion Solar Homes program has had a positive effect on local industry in the brown coal-dominated Latrobe Valley.

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