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Finance

Vena seals $200 million revenue sharing deal for NSW battery project

Vena Energy has secured a $200 million long-term revenue agreement that it says will bring the second stage of its 408 MW Bellambi Heights battery energy storage system being built in central-western New South Wales online later this year.

Octopus inks offtake agreement for Blind Creek solar and battery project

Just days after launching construction of its Blind Creek solar and battery project in southern New South Wales, developer Octopus Australia has inked an offtake agreement with renewable energy retailer Flow Power.

MGA Thermal lands new funding to scale renewable heat storage solution

New South Wales-based thermal energy storage system developer MGA Thermal intends to rapidly scale its manufacturing capacity and commercial capability after securing $17 million in new funding.

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Remote Samoan island communities to receive Australian-backed rooftop solar

Remote Samoan island communities will receive roof top solar, battery storage and a mini-grid upgrade to cut dependence on diesel, kerosene, wood fires and disposable batteries for light and cooking, with the Australian government’s REnew Pacific assistance.

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First Nations clean energy strategy implementation funds now available

Australian government grants are now available for First Nations communities, organisations and groups for advice and engagement on planning, negotiating or pursuing clean energy projects in homes, communities and on Country.

Clean industry transition is $300 billion opportunity in the making

Australia’s transition to clean industry could unlock approximately $300 billion in economic opportunity if action is taken to deliver a pipeline of 70 projects, according to a new briefing from two global alliances pushing to decarbonise large scale industry.

Flow Power adds solar and battery project to development pipeline

Victoria-headquartered renewables developer and electricity retailer Flow Power has added another solar and battery project to its portfolio with the acquisition of the Dunedoo Energy Project planned for central west New South Wales.

Printed solar manufacturer lands $2.15 million grant

Kardinia Energy has received a federal grant worth $2.15 million to help scale production of its Newcastle-based printed solar technology.

Lightsource bp finds buyer for 1 GW solar portfolio

Macquarie-backed Aula Energy has supercharged its renewable energy ambitions with the acquisition of five utility-scale solar farms in Australia and a development pipeline of up to 800 MW of co-located battery energy storage projects from British-owned developer Lightsource bp.

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Clean energy harvest in store for New Zealand solar on farms trial

A New Zealand government program subsidising and testing battery storage and solar systems on farms across the country, have announced an inaugural uptake of 32 agricultural businesses have signed on to its Solar on Farms program.

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