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Finance

Feds provide backing for more than 420 community batteries to share rooftop solar

The Australian government has beefed up its commitment to community batteries to support the integration of renewable energy in the grid with more than 420 battery energy storage systems to be installed in neighbourhoods across the country as part of its Community Batteries for Household Solar program.

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Maryvale solar and storage project lands support in NSW tender round

The Maryvale solar and battery hybrid project being developed in central western New South Wales in one of two renewables projects with a combined generation capacity of 312 MW that have secured long-term energy service agreements through the state government’s latest tender round.

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Singapore fund eyes Australia after acquiring NZ solar developer

Singapore-based renewable energy fund manager SC Oscar has snapped up New Zealand solar project developer Rānui Generation as part of its strategy to build a portfolio of renewable energy assets in both New Zealand and Australia.

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$8 billion of transmission projects declared actionable

Seven transmission projects valued at $7.9 billion are declared newly actionable in the Australian Energy Market Operator’s 2024 Integrated System Plan, to progress the 10,000 km of new transmission lines needed to achieve a net zero economy by 2050.

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Redflow wraps up funding for U.S. battery project

Queensland-headquartered battery manufacturer Redflow has secured almost $20 million in government funding in the United States for a 6.6 MWh zinc-bromine flow battery energy storage system to be deployed in California.

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National tender flooded with 40 GW of clean energy projects

Australia’s first national Capacity Investment Scheme auction has been inundated with expressions of interest, with the federal government revealing that investors have tabled 40 GW of new renewable energy generation projects such as wind and solar.

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New South Wales Budget opens a $3.5 billion purse to climate change and energy

Climate change and energy received a $3.5 billion commitment in the New South Wales Budget on 18 June, plus $3.1 billon to deliver renewable energy zones, which got an extra $128 million boost to upgrade roads between them and the Port of Newcastle.

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Thermal energy storage tech to bolster industry decarbonisation

Long duration energy storage developer MGA Thermal is one step closer to commissioning its behind-the-meter demonstration plant after receiving a $2.48 million windfall from the Australian Renewable Energy Agency.

New $100 million challenge targets 50 GW per year

The Australian Renewable Energy Agency has dangled a $100 million carrot in front of the world’s best and brightest solar industry proponents to help lower solar and electricity costs to scale up annual installation in Australia from 5 GW per year to 50 GW.

Sunshine Coast to host Australian first local renewable energy zone

A “nation first” local renewable energy zone will be established on Queensland’s Sunshine Coast as part of a pilot program designed to boost rooftop solar generation, store it and share it locally across the poles and wires infrastructure that already exists.

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