As 2.1 GW of new capacity – mostly wind, solar and storage – has come online in the previous year, AEMO has sourced much less additional reserves than last year to manage potential high risk scenarios that typically occur in summer. Over the next two years, the market operator expects 6 GW of new wind and solar capacity to be connected to the grid, which will alleviate the short-term risk of involuntary load shedding during summer peak periods.
SUSI Partners AG has fully acquired and provided financing to construct a 34 MW solar PV plant with storage optionality located in Middlemount, Queensland. The investment firm says it views the Australian market as highly attractive, despite policy uncertainty.
Australian developers Energy Estate and MirusWind have proposed a massive renewable energy hub in New South Wales. The project will combine wind and solar energy generation with pumped hydro storage and other storage options to provide up to 4 GW of new clean generation.
Around 34.5 GW of PV was installed in China in the first three quarters – 1.5 GW more than expected by IHS analysts, who have raised their full-year guidance.
UK-based renewable energy developer Eco Energy World has reached financial close on two Queensland projects – the 20 MW Chinchila Solar Farm and the 34 MW Brigalow Solar Farm. Combined, the projects constitute nearly $70 million in capex.
The China-headquartered battery manufacturer has joined Germany’s sonnen as an exclusive approved battery storage provider for the South Australian Home Battery Scheme. Alpha-ESS plans to set up a manufacturing facility in Adelaide, where it will build more than 8000 batteries a year and create up to 120 jobs.
The New South Wales government is set to accelerate $2.5 billion worth of transmission projects in order to address grid bottlenecks and unlock low-cost, low-emission generation in new areas of the state. As part of its grid transformation plan, NSW will boost connections with its neighboring states and bring forward the Snowy Hydro scheme.
Coal miner Glencore is failing investors in its latest forecasts.
After taking a 90.1% stake in one of Australia’s largest solar PV projects – the 255 MWp Sunraysia Solar Farm last month, U.K.-based infrastructure investor John Laing has closed its second solar project in Australia – the 174.9 MWp Finley Solar Farm in New South Wales.
The amount of large-scale solar capacity that commenced generation during the third quarter of 2018 was higher than the NEM’s entire large-scale solar capacity at the start of the year, reports the Australian Energy Market Operator (AEMO). In other news, Western Australia has pass the 1 GW solar milestone, while South Australia has seen record levels of curtailment.
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