A record $4.7 billion in 2024-25 investment commitments, more than 2.5 times the value of the previous year, have been reported in the annual report of the Clean Energy Finance Corporation.
Investment confidence in solar and battery storage development is clear-cut given over 50% of 20 successful Capacity Investment Scheme Tender 4 bids are for large scale hybrid projects.
Energy retailer and technology company Amber Electric has secured $10 million in new funding to continue scaling its residential solar and battery automation tech into overseas markets.
The Victorian government will wipe up to $25,000 off upfront installation costs for a 100 kW rooftop solar system, and up to $34,300 off a 200 kW system to reduce cost burden from transmission network upgrades, and lower consumer energy bills.
Thirty remote schools in the Fiji islands are receiving off-grid solar installations with support from the Australian government REnew Pacific program to boost digital learning tools access and reduce reliance on diesel generators.
Achieving Australia’s 2035 energy goals needs engineering firms to have project intelligence at their fingertips, through unified, real-time data about a project, its people, and finance, to ensure accurate forecasting, avoid delays and maximise performance.
The New South Wales government has launched a tender targeting 500 MW of firming and demand response capacity to further boost power supply reliability as the state’s coal-fired generators are shut down.
Setting a new benchmark for the Australian energy market, the NSW hydro-electric company Snowy Hydro has inked a 15-year virtual tolling agreement with Akaysha Energy for its 311 MW / 1,244 MWh Elaine BESS in Victoria.
Australian renewables developer Edify Energy has been snapped up by Canadian investment group La Caisse which has plans to accelerate the development of the company’s more-than 11 GW pipeline of solar and battery energy storage projects.
Australia’s 2035 climate change target prioritises clean electricity across the economy based on decarbonising and expanding the electricity network, supported by new transmission and storage, including household batteries.
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