5 GW renewable generation sought in Capacity Investment Scheme Tender 7
Bids have opened for the Capacity Investment Scheme Tender 7 seeking 5 GW of generation in the National Electricity Market, with caveats to be operational by 31 December 2030 and have a forecast generation profile that displaces more fossil fuel generation.
IEA says cost of capital for solar remains high in Southeast Asia
The International Energy Agency says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
EDP to fast-track 1.7 GW of solar and storage in eastern states
Global clean energy major EDP Renewables plans to accelerate the development of more than 1.7 GW of solar and battery storage in Australia after securing support under the federal government’s Capacity Investment Scheme.
CopperString cutbacks mapped out in Queensland’s Energy Roadmap
The Queensland government’s Energy Roadmap outines new delivery plans for the CopperString transmission project in an effort to put a lid on its $12 billion cost blowout.
Snowy 2.0 cost blowouts might be OK if the scheme stored power more cheaply than batteries. But it won’t
Two years ago, Snowy Hydro announced a reset for its troubled Snowy 2.0 giant pumped hydro project amid cost blowouts. The supposed final cost was $12 billion.
CEFC annual number crunch lands on record $4.7 billion in commitments
A record $4.7 billion in 2024-25 investment commitments, more than 2.5 times the value of the previous year, have been reported in the annual report of the Clean Energy Finance Corporation.
Hybrid developments make clean sweep of Capacity Investment Scheme Tender 4
Investment confidence in solar and battery storage development is clear-cut given over 50% of 20 successful Capacity Investment Scheme Tender 4 bids are for large scale hybrid projects.
Amber continues overseas push with home energy management tech
Energy retailer and technology company Amber Electric has secured $10 million in new funding to continue scaling its residential solar and battery automation tech into overseas markets.
Victoria drives business and community group rooftop solar uptake with discounts
The Victorian government will wipe up to $25,000 off upfront installation costs for a 100 kW rooftop solar system, and up to $34,300 off a 200 kW system to reduce cost burden from transmission network upgrades, and lower consumer energy bills.
Australia helps remote Fiji schools switch to off-grid solar power
Thirty remote schools in the Fiji islands are receiving off-grid solar installations with support from the Australian government REnew Pacific program to boost digital learning tools access and reduce reliance on diesel generators.
