Finance

Sunshine Hydro and project partner Energy Estate have signed an agreement to give First Nations stakeholders a 20% equity option in the companies’ Djandori Gung-i Superhybrid project at Miriam Vale, Queensland. The project proposes to deliver up to 600 MW of pumped hydro capacity and up to 300 MW of hydrogen electrolysers.

From the International Solar Energy Society’s perspective, and the vision of a world with 100% renewable energy for everyone used wisely and efficiently, PV module production should not become an oligopoly and should not be concentrated in one corner of the world.

Australia’s National Broadband Network (nbn) Corporation has signed an offtake deal with Greek developer Mytilineos to take 59 GWh per annum from its Munna Creek solar farm north of Brisbane, Queensland.

Melbourne Airport is among the organisations taking part in a two-year trial intended to help commercial and industrial energy users shift their demand away from peak times, easing pressure on the grid and supporting the integration of more renewables.

Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.

Extreme weather is a growing risk to solar farms. Future-proofing through advanced technologies, leveraging data from novel sources, and by building both collaboration and acceptance of risk is vital, but rarely achieved today for a number of reasons. Insurers, lenders, developers, contractors and manufacturers come together here to discuss solutions to the intractable problem of weather risk.

Superannuation fund Rest has announced it will invest $1 billion (655 million) into Australian-owned renewable energy investor and developer, Quinbrook Infrastructure Partners. The fund has a particular eye to green data storage centres.

More than 1 GW of firmed storage capacity is set to be delivered by the six winning projects from the New South Wales (NSW) tender combining state and federal schemes. Akaysha Energy’s 415 MW / 1660 MWh battery in Wellington and AGL’s 500 MW / 1000 MWh Liddell battery are the round’s two biggest projects.

Fortescue has announced three projects – two in Australia and the other in the US – have reached final investment decision (FID). The company held its annual general meeting today, where members voted down its contentious executive pay policy.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.