Disused zinc mine transforms into clean energy hub with compressed air storage
In an Australian first, Canada’s Hydrostor is delivering a 5 MW / 10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine in South Australia.
Redback added to SA Home Battery Scheme
Australian-based Redback Technologies is now eligible for subsidies under the South Australia Home Battery Scheme, alongside nine other brands. The company manufacturers its solar inverter-battery hybrid systems overseas.
Eni enters Aussie renewables market with acquisition of NT largest solar farm
Diversifying its gas-focused portfolio Down Under, the Italian oil group has acquired the Northern Territory’s largest solar project – the 33.7 MWp Katherine Solar Farm.
Western Australia launches strategy to fuel battery industry
With li-ion battery supply chains stretched by the rapid EV and energy storage uptake, Western Australia is looking to position itself at the forefront of global battery manufacturing. The state government has launched a strategy to grow WA’s future battery industry, which includes plans for an investment attraction strategy.
Tesla dives deeper into energy storage, as solar slumps
Elon Musk’s company is seeing tremendous success with its EVs and global manufacturing, and dramatically scaling its energy storage deployment, but the Solar Roof is still not being widely deployed.
Flow Power inks solar PPA with BayWa r.e. amid growing corporate demand for clean energy
Commercial electricity retailer Flow Power has signed an offtake deal with Germany’s BayWa r.e. for 48 MW of clean electricity generated at two of northern Victoria’s largest solar farms – the 112 MW Karadoc Solar Farm and 106 MW Yatpool Solar Farm.
Corporate clean energy smashes records
Companies in the United States accounted for more than 60% of the clean energy deals signed by corporations worldwide last year, according to BloombergNEF. A proposed renewable portfolio standard for Chinese business, though, could turn the picture upside down in a year’s time.
Sumitomo acquires WA’s leading solar retailer Infinite Energy
Japanese industrial giant Sumitomo Corporation has fully acquired Infinite Energy, Western Australia’s solar installer and electricity retailer, thus expanding on its local coal-focused portfolio.
Australia to lead world in resi battery uptake in 2019, finds BNEF
Over 70,000 Australian households will install battery storage in 2019, according to the Bloomberg New Energy Finance (BNEF). With the nation’s storage demand set to triple, Australia is forecast to make up 30% of global demand this year.
Solar will rebound this year with more than 100 GW of new capacity
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
