Finance

Victoria’s Powercor develops plan to avoid solar curtailment

The Victorian electricity distribution business has proposed network enhancements that aim to drive down power prices starting from 2021. It hopes to boost the safety and flexibility of the grid through the measures, which include network improvements to accommodate more solar and battery storage installations.

New coal excluded from Federal underwriting without parliamentary nod, funding accessible only to renewables

New legal advice, sought by The Australia Institute Climate & Energy Program, suggests the Underwriting New Generation Investment Program is unconstitutional and lacks the legislative basis to proceed.

Shell moves to acquire German storage business Sonnen

In May 2018, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.

Genex Power starts works on 250 MW pumped hydro project

With financial close still in the works, Sydney-based publicly listed Genex Power has moved on the Kidston Pumped Storage Hydro Project, part of its landmark renewable energy hub in far-north Queensland, signing an early works agreement with EPC contractors McConnell Dowell and John Holland.

ShineHub selects Hanwha Q Cells for its lease-to-own model in SA

Solar ‘lease-to-own’ installer ShineHub has chosen Hanwha Q Cells as preferred solar panel provider for its Community Solar Program under the South Australian battery scheme.

EnergyAustralia to help charities slash power bills with solar+storage

Backed by an estimated $15 million raised from the sale of renewable energy certificates, EnergyAustralia will install free solar PV and battery systems for participating charitable organizations, with the goal to connect them into a virtual power plant and slash their electricity bills by as much as 50%.

Melbourne trial looks to beef up grid for rooftop solar boom

A $2.2 million trial run by Jemena, AusNet Services, and UNSW Sydney will explore how existing network infrastructure can better integrate with solar power, as Australia’s rooftop PV uptake goes from strength to strength.

Disused zinc mine transforms into clean energy hub with compressed air storage

In an Australian first, Canada’s Hydrostor is delivering a 5 MW / 10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine in South Australia.

Redback added to SA Home Battery Scheme

Australian-based Redback Technologies is now eligible for subsidies under the South Australia Home Battery Scheme, alongside nine other brands. The company manufacturers its solar inverter-battery hybrid systems overseas.

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Eni enters Aussie renewables market with acquisition of NT largest solar farm

Diversifying its gas-focused portfolio Down Under, the Italian oil group has acquired the Northern Territory’s largest solar project – the 33.7 MWp Katherine Solar Farm.

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