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.
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.
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.
50 public service jobs for Latrobe Valley with Solar Victoria
The Victorian Labor Party plans to locate its Solar Victoria agency in the heart of the state’s coal country. The agency is set to administer the state government’s proposed $1.3 billion Solar Homes program.
Macquarie buys 90% stake in 322 MW solar portfolio in northern Mexico
The solar assets were acquired by the company’s unit, Macquarie Infrastructure and Real Assets (MIRA). Spanish developer, Eosol will maintain a 10% share in the projects.
South Australia launches 10 MW solar tender
The Berri Barmera Council has invited expressions of interest for the construction and operation of a 10 MW solar farm which will contribute to delivering a predictable and cost-effective renewable energy supply within the region.
New South Wales to host major renewable energy hub
Australia’s developer CWP Renewables has announced that its plans to add a 200 MW solar+storage project to the 270 MW Sapphire Wind Farm have been approved by the state government.
Victorian Labor makes $1.24 billion solar pledge
The Victorian government has announced a massive investment in renewable energy that will bring rooftop solar to 650,000 homes over 10 years. The systems will help Victorians save about $890 a year on their power bills with half-price solar panels at no up-front cost.
Hanwha Q Cells reports lower revenue, swings to loss in Q2
At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.
