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.
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.
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.
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.
Renewables sector hauls two-year Eraring extension over the coals
The New South Wales government has confirmed the Eraring Power Station will remain open two years beyond its planned 2025 closure date, with the black coal-fired power plant to now remain in operation until August 2027, with the potential for a further extension until April 2029.
Bowen targets 20% market share with Solar Sunshot
Australian Energy Minister Chris Bowen believes the federal government’s $1 billion Solar Sunshot initiative could result in domestic manufacturing providing 20% of the nation’s PV panel needs by the end of the decade.
NSW awards new funding to accelerate 6.5 GWh of battery projects
Grid connections for four battery energy storage projects with a combined capacity of more than 6.5 GWh are to be fast-tracked by the New South Wales government as it seeks to ensure electricity reliability as coal-fired generation exits the system.
Rooftop PV market faces profit squeeze as sales slow
Rooftop PV is the fourth largest source of electricity generation in Australia, providing about 11% of the country’s power supply, but solar industry analyst SunWiz has cautioned the market to brace for a challenging period.
Registrations open for 6 GW renewable energy tender
Registration is now open for the first national tender in the Australian government’s Capacity Investment Scheme that is seeking 32 GW of additional renewable energy generation and dispatchable storage capacity by 2030 to support the nation’s clean energy transition.
