Actis invests in 3.5 GW / 4.5 GWh of solar-plus-storage in Philippines
Private equity investor Actis has become a strategic partner in a 3.5 GW / 4.5 GWh solar-plus-storage project in the Philippines. The project is poised to become the world’s largest integrated renewables and energy storage installation upon completion.
Six big batteries score federal funding to power a million homes from 2027
Six large-scale battery energy storage projects in South Australia and Victoria have been earmarked to receive funding from the Australian government’s Capacity Investment Scheme.
New investment in large-scale generation eclipses 2023 total
A new Clean Energy Council report signals a steady recovery in levels of investment in large-scale renewable energy generation and strong ongoing investment in large-scale energy storage.
Early retirement of coal-fired power plants good for bottom line: study
Multi-country research has found that retiring coal-fired power plants sooner rather than later can have financial benefits for investors, and free up capital for investing in renewables.
Australian solar manufacturing scores $550 million Sunshot
The first $550 million of the federal government’s Solar Sunshot program has been launched to support the development of Australia’s solar manufacturing industry and help local businesses capture more of the global solar manufacturing supply chain.
Major transmission project gets $840 million injection to kickstart early works
The Victoria to New South Wales Interconnector West 500 kV transmission line has received an $840 million boost to progress its early works, enabling equipment orders, the project’s design, and market and community engagement to progress.
Future clean energy investment vital for grid reliability: AEMO report
Rooftop solar system uptake and 1.2 GW of large-scale solar projects brought online in the past 12 months, have boosted grid reliability in the National Electricity Market, demonstrating a trend the Australian Energy Market Operator forecasts will continue but not without ongoing clean energy investments.
Meyer Burger cancels US solar cell plant, announces restructuring
Swiss-German PV manufacturer Meyer Burger has announced company restructuring plans, put an end to a proposed United States solar cell plant and put on hold plans for capacity expansion at an existing module production plant in the US. Existing cell production site in Germany to remain part of Meyer Burger operations.
New Zealand’s energy security thrown multi-million dollar lifeline
New Zealand Green Investment Finance has provided $71.7 million to finance infrastructure and broader development activities required by Auckland-headquartered utility solar developer Far North Solar Farm.
Enel lands long-term PPA for Quorn Park solar and storage project
Zen Energy has struck a long-term agreement to buy the majority of energy to be generated at the $190 million Quorn Park solar and battery hybrid project being developed by Enel Green Power Australia in western New South Wales.
