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Finance

Greek developer shops Australian solar and battery portfolio

Greece-based resources and renewables company Mytilineos, now known as Metelen Energy and Metals, is looking to sell its Australian renewable energy generation and storage assets, including six operational solar farms totalling 284 MW.

Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses

Longi says it expects a net loss of CNY 4.8 billion ($980 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.

Akaysha lands $650 million to fund 1,660 MWh Orana battery build

Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the National Electricity Market.

HMC announces seed investment for planned 15 GW clean energy platform

Australian asset manager HMC Capital has signed a $50 million deal to acquire a majority stake in Sydney-headquartered battery project developer Stor-Energy as part of its push into the renewable energy sector.

Victoria pumps $4 million in to boost rooftop PV roll out

More than $4 million will be delivered to seven commercial providers to support the installation of rooftop solar and electric hot water systems at scale as the Victorian government pushes ahead with its plan to transition to all-electric homes across the state.

Tesla battery deployment up 157%; Megapack pricing down 44%

In its latest quarterly press release, traditionally focused on vehicle production, Tesla revealed a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products.

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Vehicle and equipment discounted green loans to help small enterprise decarbonise

The Clean Energy Finance Corporation will help small-to-medium sized businesses finance a broad range of clean energy technologies making electric vehicles, roof top solar, batteries, and more efficient farming equipment, cheaper.

Future Made in Australia Bill paves way to renewable energy superpower goals

The federal treasurer Jim Chalmers has presented the Future Made in Australia Bill to parliament taking the next step to bringing into law pathways to help make Australia a renewable energy superpower.

New CIS tender seeks 2 GWh clean dispatchable capacity for Western Australia

The ball is rolling on the Australian government’s pending Capacity Investment Scheme Tender 2 focussing on the Western Australian Wholesale Electricity Market and which seeks an indicative target of 500 MW of four-hour equivalent dispatchable capacity, or 2,000 MWh.

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Feds provide backing for more than 420 community batteries to share rooftop solar

The Australian government has beefed up its commitment to community batteries to support the integration of renewable energy in the grid with more than 420 battery energy storage systems to be installed in neighbourhoods across the country as part of its Community Batteries for Household Solar program.

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