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Finance

Victoria pumps $4 million in to boost rooftop PV roll out

More than $4 million will be delivered to seven commercial providers to support the installation of rooftop solar and electric hot water systems at scale as the Victorian government pushes ahead with its plan to transition to all-electric homes across the state.

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Tesla battery deployment up 157%; Megapack pricing down 44%

In its latest quarterly press release, traditionally focused on vehicle production, Tesla revealed a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products.

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Vehicle and equipment discounted green loans to help small enterprise decarbonise

The Clean Energy Finance Corporation will help small-to-medium sized businesses finance a broad range of clean energy technologies making electric vehicles, roof top solar, batteries, and more efficient farming equipment, cheaper.

Future Made in Australia Bill paves way to renewable energy superpower goals

The federal treasurer Jim Chalmers has presented the Future Made in Australia Bill to parliament taking the next step to bringing into law pathways to help make Australia a renewable energy superpower.

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New CIS tender seeks 2 GWh clean dispatchable capacity for Western Australia

The ball is rolling on the Australian government’s pending Capacity Investment Scheme Tender 2 focussing on the Western Australian Wholesale Electricity Market and which seeks an indicative target of 500 MW of four-hour equivalent dispatchable capacity, or 2,000 MWh.

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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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