Solar corporate funding hits decade-long high in 2023
PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to United States-headquartered consultancy Mercom Capital Group.
Investor group warns of revenue risk for solar farms
The Clean Energy Investor Group has warned that solar farms in southwest New South Wales and northwest Victoria could suffer from “large and unpredictable” swings in revenues because of material changes in marginal loss factors.
Tasmanian hydrogen hub locks in $70 million federal funding boost
The Australian government has formalised a $70 million (USD 49.95 million) investment to help develop the Bell Bay Hydrogen Hub in northern Tasmania with construction of the project scheduled to commence this year with completion planned for early 2028.
Governments unite with $206 million clean energy initiative
The Commonwealth and New South Wales governments have announced a $206 million package aimed at funding energy saving upgrades in social housing properties and increasing access to solar for low-income renters and apartment residents across the state.
Enel inks deal to acquire 1 GW wind and solar project
Enel Green Power Australia has boosted its renewables portfolio by striking a deal with Queensland-headquartered minerals explorer QEM to purchase what would be one of the state’s biggest renewable energy farms in a deal worth more than $7 million (USD 4.68 million).
Forrest promises financing for 14 GW of clean energy projects
Squadron Energy, the private renewables group controlled by the billionaire Forrest family, has pledged to deliver 14 GW of new clean energy generation and storage projects in Australia by the end of the decade.
Free home solar and battery rollout begins with Diamond partnership – here’s how NRN’s value model works
Australian startup NRN is rolling out its proposition to fit households with solar and batteries at no cost to consumers. Announcing its partnership with retailer Diamond Energy and the completion of a $13.5 million (USD 9.18 million) capital raise, the company believes it’s found the trick to successfully deploying free household renewables by focussing on retailer value. Pv magazine Australia spoke to NRN and experts about how exactly the model works and where the value comes from.
3.5 GW of green hydrogen projects make Headstart shortlist
Six green hydrogen projects with a total electrolyser capacity of more 3.5 GW have been shortlisted for the Australian government’s $2 billion (USD 1.35 billion) Hydrogen Headstart initiative that is intended to support the development of 1 GW of electrolyser capacity by 2030 through two to three “flagship” projects.
Regulator provides tick of approval for Marinus Link early works spend
The Marinus Link power cable to be built between Victoria and Tasmania is a step closer to reality after the Australian Energy Regulator approved the project’s first revenue proposal, marking the planned early works spend as “prudent and efficient.”
Lightsource bp targets renewables growth after offloading solar farm portfolio
Solar developer Lightsource bp has declared that proceeds from the sale of five utility scale PV projects in Australia with a combined capacity of more than 1 GW will be used to fast track the development of a pipeline of projects across the wider Asia Pacific region.
