Finance

China drags global clean energy investment to $333.5bn in 2017, finds BNEF

Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.

UNSW signs offsite solar PPA for 100% of its electricity needs

The source of series of pioneering PV technologies is set to become 100% solar powered. The University of New South Wales (UNSW) has announced the signing of a PPA that will see it procure all of its electricity from the 200 MW Sunraysia Solar Farm in rural New South Wales.

China the global leader in 2017 clean energy investment, at over $44 bn

China was the global leader in 2017 clean energy investment, says a new report. On the solar front, the country accounts for 60% of all cell production; and will continue to lead installation developments for at least the next five years. New 2020 targets are expected to be set. In the battery arena, Chinese companies are also set to dominate.

CEFC steps up to finance 70 MW Oakey 2 project

The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.

AMP Capital provides Neoen €245 million for French, Australian renewable projects

The French independent power producer will use the funds for the development of 1.6 GW of wind and solar in France and Australia.

Maoneng signs PPA for 300 MW in New South Wales

Chinese/Australian developer Maoneng has signed a 15-year PPA to provide energy company AGL with 300 MW of PV projects, to provide up to 800,000 MWh of electricity per year. The projects form part of AGL’s plan to replace the coal-fired Liddell Power Station, set to close in 2022.

ARENA awards $29.2 million to 20 solar R&D projects

The Australian Renewable Energy Agency (ARENA) has announced that it will award multiple Australian universities and research institutes with a total of $29.2 million to support early-stage research into new solar innovations.

Australia welcomes formal creation of International Solar Alliance

As it officially came into force on Wednesday, the International Solar Alliance was welcomed by Australia, one of its 19 founding members.

US Senate approves tax bill with provision to hobble solar, wind tax credits

The bill will now be reconciled with the House version, which does not contain the BEAT provision. The Solar Energy Industry Association says that it has four Senators who support “fixes”, but was not able to get a modification to the Senate bill.

Leading solar, storage bodies combine to form Smart Energy Council

The Smart Energy Council, a merger of Australia’s leading industry bodies for solar and storage, will be looking to better reflect the country’s energy future.