Finance

Carnegie gets $5 million lifeline, bids for liquidated microgrid arm EMC revealed

Following Carnegie Clean Energy’s voluntary administration, the administrators have revealed the bids its solar microgrid arm managed to attract. Meanwhile, a plan to restructure the company’s core wave power business has been approved by creditors, along with a decision to liquidate the EMC business.

Bomen Solar Farm acquired by Spark Infrastructure, inks PPA with Westpac towards its 100% renewables goal

In a major shift towards owning renewable energy generation assets, electricity network infrastructure owner Spark Infrastructure has fully acquired the 120 MW Bomen Solar Farm in NSW. The project has inked a power purchase agreement with Westpac, which marks a big step towards its goal of sourcing 100% renewable electricity by 2025.

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Woolworths becomes world’s first retailer to issue green bonds

The Australian supermarket giant is issuing green bonds to fund the development of low-carbon supermarkets and the installation of solar at its stores and distribution centres.

WA battery research facility secures $25m of federal funding

The Perth-based Future Battery Industries Cooperative Research Centre (FBICRC) will address industry-identified gaps in the battery industry value chain, support battery deployment and optimise the circular economy for battery recycling.

Victorian government to cap solar rebates in response to overwhelming interest

Due to the immense success of the program — and with rebates now almost fully subscribed — Solar Victoria will accept a final 2,000 applications before the end of June, the state government has announced. New solar rebates will be available in the next financial year.

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Energy platform connects small solar farms with buyers

An online platform to connect medium to small-scale solar energy producers with independent electricity buyers will launch in the coming months in South Australia.

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Northern Territory rolls out 10 MW of PV to power remote communities

Construction has been completed on the Solar Energy Transformation Program (SETuP), which has been touted as Australia’s largest rollout of solar power to remote communities to date.

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Flinders University to roll out more solar on rooftops, shelters and walkways

Building on its existing PV fleet, South Australia’s Flinders University has announced a fresh investment of $1.45 million to source one-third of its electricity needs from solar.

SolarReserve fails to secure funding for Aurora solar thermal plant

The Port Augusta concentrated solar power project billed as the world’s biggest has ground to a halt. Although it was granted additional time, U.S. firm SolarReserve failed to achieve financial close and proposed selling the 150 MW project to a third party.

AEMO’s VPP integration trial, decentralized energy exchange secure funding

The Australian Renewable Energy Agency (ARENA) will underpin two innovative distributed energy projects – a trial to integrate a virtual power plant trial into the National Energy Market and a digital marketplace for grid services provided by rooftop solar arrays, batteries and EVs owned by Australian homes and businesses.

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