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Finance

Northern Territory airports to add solar farms

In what is set to become its largest infrastructure investment to date, the Northern Australia Infrastructure Facility is backing the expansion of three Northern Territory airports, with a $150 million loan. Among other development works, the funding will cover construction of solar farms across all three sites.

South Australia earmarks $180 million for home & grid-scale batteries, demand response

The South Australian government says it is looking to implement a series of reforms to improve the reliability, affordability and security of the state’s energy market. According to its latest state budget, released on Tuesday, it has allocated $180 million to execute the program.

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Origin to develop 5 MW virtual power plant in Victoria

Following a grant from the Victorian government, Origin Energy is gearing up to connect solar and battery systems of up to 650 residential and commercial properties across the state, in what will be its first virtual power plant and the largest one in Victoria to date.

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Queensland could go 90% renewable by 2030

If all planned renewable energy projects were to proceed, Queensland would be in line for a $24 billion injection into the state’s economy and over 35,000 new jobs, argues a new Solar Citizens report.

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Aussie manufacturers encouraged to shift from gas to solar

Hit hard by volatile energy prices, Australian manufacturers have been advised to reduce their reliance on gas through a range of initiatives that can deliver major efficiency gains, such shifting from gas to solar.

Redflow to ramp up production in Thailand

Wrapping up the year in which it established its wholly-owned manufacturing facility in Thailand, the Brisbane-based battery supplier says it is negotiating contracts with a number of customers, sharpening its focus on key target markets in Australasia, Asia Pacific and South Africa.

Queensland sets up CleanCo

The delayed establishment of state-owned renewable energy corporation CleanCo has kicked off. The new generator is expected to save households approximately $70 annually.

RCR Tomlinson suffers $57 million write-down on two solar farms

Speculations that delayed financial results spelled troubles have proved remarkably accurate – one of Australia’s leading EPC contractors has taken a huge write-down on two Queensland solar projects, and reported $16 million net loss.

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Victorian government invests in Melbourne microgrid project

As part of its state-wide microgrid funding promise, the Labor Government has allocated a total of $980,000 for the Ovida Community Energy Hub project, which will install shared solar PV and battery systems in three multi-tenanted buildings in Melbourne.

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Townsville battery factory study gets financial shot in the arm

Following the signing of an assistance agreement between the Queensland Government and international consortium Imperium 3, a $2 billion lithium-ion battery factory is one step closer to reality.

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