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Finance

AGL aquires long-duration electro-thermal project from Photon Energy

AGL Energy has acquired the 150 MW solar, 90 MW thermal, and 720 MWh of storage Yadnarie Project from Dutch developer Photon Energy, and follows the project’s development approval received in June.

ARENA backs next-gen solar innovation with $60 million funding boost

The Australian government has announced $60 million in new funding for research and development projects that promise to accelerate cost reductions for PV technology and help meet the stretch target for “ultra low-cost” solar production.

Ampyr hits financial close on 600 MWh Wellington battery first stage

Ampyr Australia, the local arm of Singapore-based developer Ampyr Energy, has achieved financial close for its 300 MW / 600 MWh Wellington stage one battery energy storage system project being developed in central west New South Wales.

Banpu buys into EnergyAustralia battery project

Thai energy company Banpu has snapped up a 50% stake in the 350 MW / 1,400 MWh Wooreen battery energy storage system being built in Victoria’s Latrobe Valley as the Bangkok-based coal producer ramps up investments in renewable energy.

UK developer secures $718 million financing for 609 MW solar, battery portfolio

British Solar Renewables has reached financial close on a 12-project solar portfolio with three co-located battery assets. The $718 million financial package covers 536 MW of PV capacity and 146 MWh of energy storage in the United Kingdom and Australia.

$20 million greenhouse to reap solar innovation for agrivoltaic sector growth

ClearVue Technologies has joined a $20 million research project aimed at transforming agrivoltaics while generating clean energy using the company’s transparent solar glass technology.

Novel green hydrogen pilot plant wins $2.7 million grant

A Sparc Hydrogen photocatalytic water splitting reactor pilot plant under development in South Australia has been granted $2.75 million to accelerate development of the novel technology toward commercialisation.

Robotics company lands federal funds to scale up solar construction

Robotics company Luminous has secured almost $5 million in federal government funding to support the deployment of a fleet of AI-powered robots designed to accelerate the construction of utility-scale solar farms.

NSW green bank backs energy projects with $1 billion purse

The New South Wales government’s new green bank is now open for business with an initial $1 billion In funding available to accelerate key energy projects to support the state’s shift from coal-fired power generation to renewables.

Policy shifts needed to unlock existing transmission network capacity

Neara co-founder Jack Curtis says the opportunity to boost capacity of existing transmission networks is possible with smarter grid solutions and derisk reliance on new transmission projects facing potential delays.

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