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Finance

Energy Vault acquires eight-hour battery project in NSW

United States-headquartered energy storage solutions company Energy Vault has inked an agreement to purchase the 125 MW / 1,000 MWh Stoney Creek battery energy storage project from Victoria-based renewable energy developer Enervest.

Quinbrook secures financial close on UK’s largest solar and storage project

Australian-owned Quinbrook Infrastructure Partners has completed financing for the Cleve Hill Solar Park in England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025.

Carnegie secures more funding for Spain wave energy project

Australian wave energy developer Carnegie Clean Energy has secured more than $545,000 in funding to push forward its plans to deliver and operate a 400 kW version of its ‘CETO’ wave power generation system in waters off the coast of Spain.

Rooftop solar install rates roll on with 3 GW added in 2024

Australia’s rooftop solar uptake continued to surge in 2024 with a new report revealing more than 300,000 PV systems with a combined capacity of almost 3 GW were bolted on to the roofs of homes and businesses across the nation last year.

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EcoJoule lands $15 million to support expansion strategy

Voltage control specialist EcoJoule Energy has banked $15 million in capital it says will underwrite the company’s global expansion and support the wider deployment of technology designed to help stabilise the electricity grid as it adjusts to increasing levels of solar capacity.

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Australian government funded solar hybrid systems to power Solomon Island facilities

The Australian government has announced its first project through the Pacific and Timor-Leste off-grid renewable energy project investment fund, RENew Pacific, which will provide clean energy to Solomon Islands’ remote communities.

Shared apartment rooftop solar funding grants residents clean energy access

The Australian and New South Wales governments are collaborating to deliver a $25 million solar for apartments incentive for owners’ corporations and strata managers to install shared rooftop solar systems.

Government revels in record renewable investment and declining emissions

New data released by the federal government and Clean Energy Regulator indicate a record delivery of renewable energy investment and declining emissions in Australia.

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Feedback sought on hybrid projects in next CIS tender for Western Australia

On the cusp of Capacity Investment Scheme Tender 2 – WEM Dispatchable successful proponent announcements, the federal government now calls for feedback on how to approach hybrid projects in the pending 2025 WEM Tender for Western Australia, opening mid-2025.

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Tasmanian government offers grants up to $50,000 to install public EV charge stations

The Tasmanian government is offering a grant pool of $500,000 to drive the rollout of public electric vehicle car chargers in a move it describes as future proofing the state for accessible EV ownership.

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