Finance

Welcome to Australia’s largest national showcase of renewable energy at the Melbourne Convention and Exhibition Centre. Follow pv magazine live to keep updated on the latest Aussie solar PV and storage developments and trends from this year’s event, as they happen. Stay tuned!

Welcome to Australia’s largest national showcase of renewable energy at the Melbourne Convention and Exhibition Centre. Follow pv magazine live to keep updated on the latest Aussie solar PV and storage developments and trends from this year’s event, as they happen. Stay tuned!

The City of Sydney has unveiled the biggest standalone renewables deal for an Australian council. Valued at over $60 million, the plan will see the City meet its electricity needs using only wind and solar.

Creditors of Brisbane-based solar and storage developer Lyon Group have announced that three of Lyon Solar’s companies are now in liquidation after their directors failed to meet a deadline. Deloitte is now looking for buyers for the Companies’ projects.

Although the International Energy Agency’s latest renewables report forecasts impressive solar growth there is still a nagging feeling it has produced conservative estimates and the emphasis on sharing costs with grid operators is predictable.

On the back of a landmark agreement with Alinta Energy, Fortescue Metals will use solar power for up to 100% of its daytime energy needs at the Chichester Hub iron ore operation in the Pilbara region.

The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.

Solar infrastructure developer Lyon Group has strengthened its ties in the Asian markets through a significant joint-venture with two of Asia’s largest energy generators. The agreement will see integrated battery storage systems utilised to reduce the risk of curtailment and increase the flexibility of renewable energy plants.

Up to $20 million of grants will be awarded for microgrid feasibility studies across Australia through the first round of the Federal Government’s Regional and Remote Communities Reliability Fund. The fund aims to provide more secure, affordable and reliable power to regional communities and save “hundreds of millions of dollars” on network upgrades.

Fundraising activity for solar leaped in the July-to-September period to provide healthy quarterly and year-so-far comparisons on 2018.