Australia’s clean power growth tops global leaderboard: World Energy Outlook
Australia tops the leaderboard for reducing its use of unabated fossil fuels and increase in clean power through sources like solar energy, and faster than electricity demand, according to the International Energy Agency’s World Energy Outlook 2024 report.
Australia on track to add 53 GW of renewable capacity by 2030: report
The International Energy Agency’s Renewables 2024 report has forecast Australia will add 53 GW of renewable capacity between 2024-2030, with a nearly 65% share being from a mix of utility, rooftop and green hydogen production solar.
4.99 MW Narromine solar farm ownership passes to Ampyr Distributed Energy
Australian renewable energy and battery storage development company MPower Group has sold its 4.99 MW Narromine renewable energy project in New South Wales to Singapore-based Ampyr Distributed Energy via conversion of project funding into equity in the project.
GridBeyond backs financial benefits of community batteries
A 1 MW community-owned battery energy storage system could earn the operators up to $250,000 in revenue each year in Australia according to new analysis from Ireland-headquartered smart energy company GridBeyond.
Solar installers chasing millions after aggregator’s registration suspended
Rooftop solar certificate aggregator Emerging Energy Solutions, which has gone into liquidation reportedly owing creditors more than $86 million, has had its registration “permanently suspended” by the Clean Energy Regulator.
Investment giants advance move into APAC renewables market
Global investment firm Patrizia and Japanese trading and investment giant Mitsui have continued their push into the Asia Pacific renewable energy market, acquiring an interest in Philippines-based rooftop solar developer BEI.
Liontown ships first spodumene from Kathleen Valley
Australian battery minerals company Liontown Resources has shipped the first batch of spodumene concentrate from its flagship Kathleen Valley lithium project in Western Australia.
Federal funding boosts Queensland local renewable energy zone program
The Queensland government’s plan to establish Local Renewable Energy Zones in the regional centres of Caloundra and Townsville has received a funding boost with the federal government to tip in an additional $21.2 million to expand the projects’ solar capacity by an additional 10.6 MW.
Global average solar LCOE stood at $0.064/kWh in 2023, says IRENA
The weighted average levelised cost of electricity of utility-scale solar PV in Australia was 22% lower than the global average according to a new report published by the International Renewable Energy Agency.
UK developer seeks EPBC approval for 2.5 GWh Victorian battery
Plans to develop a 2.5 GWh battery energy storage system in Victoria’s southwest have joined the queue for assessment under the federal government’s Environment Protection and Biodiversity Conservation Act.
