Kidston solar-pumped hydro project resumes with funding extension
After Genex Power’s offtake agreement with EnergyAustralia fell through earlier this month its concessional federal funding lapsed. However, the Project has secured an extension into 2020, hopefully allowing it enough time to restructure and reach financial close.
Clean energy industry fears new transmission access rules will stymie investment
The Australian Energy Market Commission’s proposed transmission access model has come under fierce criticism from the clean energy industry for being unnecessarily complex and likely to increase the cost of capital for future generation and storage investment.
Redflow to supply remote telecommunication sites in New Zealand
The New Zealand Rural Connectivity Group will use Redflow zinc-bromine flow batteries to store energy in off-grid telecommunication sites.
Distributed storage market to grow nearly twentyfold by 2028
Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions for now.
Investors ready US$20 Million for off-grid solar projects in the energy-stricken Philippines
The Philippines is desperately hungry for rooftop solar PV as it seeks to alleviate itself of energy poverty. Pathways are finally opening up for the vast Southeast Asian nation with investors readying US$20 million to fund four new renewable projects.
New tool to assess costs and benefits of switching to green hydrogen
A result of a collaboration between global accounting and financial services firm KPMG, Canadian gas giant ATCO, Australia’s national science agency CSIRO and Australian Renewable Energy Agency (ARENA), H2City can be used to assess the costs and benefits of regional town or municipality switching to hydrogen.
Tuvalu granted $6m for renewables ambition
The Asian Development Bank has signed off a grant for the South Pacific island nation to move on its plans to be 100% renewable by 2025.
Solar Homes battery rebate expands to another 80 postcodes
The Victorian government has extended its solar battery rebate from the initial 24 to 104 postcodes. Meanwhile, the demand for solar panel rebates has slightly slowed down.
RedEarth partners with Siemens on new modular battery
Australian manufacturer RedEarth has announced a new energy storage system for the Australian commercial and industrial market using technology from the global engineering and technology company, Siemens.
Kidston solar-pumped hydro project stalls as funding falls through
Genex Power has failed to lock in a previously announced offtake agreement with EnergyAustralia for its landmark Kidston hub in northern Queensland and requested a trading halt with the ASX on their securities.
