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Finance

Australia’s first large-scale solar and storage plant up for sale

Australia’s first large-scale solar and big battery storage installation – the Lakeland project in far north Queensland – has been placed on the sales block with MPower announcing it will use the proceeds to further expand its portfolio of PV and battery storage projects.

Palisade secures new financing for Intera renewables push

Australian infrastructure asset manager Palisade Investment Partners has secured $258 million in new debt financing to back the further expansion of its gigawatt-scale renewable energy platform.

Victorian town turns to solar and storage for energy security

A solar-powered microgrid has been launched in the Victorian town of Monbulk as part of a $7.5 million state government program designed to better protect communities in fire and storm-prone areas against prolonged blackouts caused by extreme weather events.

CEFC urged to pick up pace with household energy upgrades fund

The federal government has been urged to pick up the pace after the Clean Energy Finance Corporation opened the purse strings on a $1 billion fund that is to support cheaper finance for rooftop solar, home batteries and other energy efficiency upgrades for Australian homes.

Largest energy storage tender in NSW history now open

The New South Wales government has made history, opening two significant tenders for projects of up to 1 GW of new, long-duration storage, and up to 3.98 GW of access rights to the South West Renewable Energy Zone.

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Brookfield reaches agreement to acquire majority stake in Neoen

Canadian global asset management company Brookfield has reached agreement for a majority stake in Australia’s largest developer of renewables, France-headquartered Neoen, and is set to acquire a 53.32% stake in pursuit of 100% ownership.

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Relectrify seeks to scale up after attracting international investors

Australian battery technology startup Relectrify plans to scale up the adoption of its cell-level battery control technology by international manufacturers of grid-scale and commercial and industrial battery energy storage systems after closing a multi-million dollar round of funding.

NSW plans 390 new charging sites to accelerate EV uptake

Jolt Charge will install 65 free electric vehicle charging sites across Sydney in the coming 12 months after the New South Wales government committed $4.1 million to support the largest rollout of public kerbside electric vehicle chargers in the country.

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CEFC confirms $490 million commitment to accelerate NSW grid transformation

Development of the Central West Orana Renewable Energy Zone is predicted to now accelerate with the federal government’s green bank announcing a $490 million commitment to support the development of key grid infrastructure in the New South Wales central west.

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Stationary energy storage key priority in new national battery strategy

The Australian government has announced its new multi-billion-dollar National Battery Strategy aiming to boost the country’s domestic battery manufacturing capabilities and critical minerals processing capacity.

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