Energy Vault firms up 1 GWh Stoney Creek BESS acquisition
The full acquisition of the 1 GWh Stone Creek battery storage system to Energy Vault is complete, and precedes a USD $300 million preferred equity investment to launch its Asset Vault subsidiary.
Pacific Green signs 2 GWh capacity revenue swap agreement with Re2 Capital for Australian battery portfolio
The seven to 10-year revenue swap arrangements will support projects in four Australian states, and brings 3.5 GWh in deals done just this week by Pacific Green.
First Nations corporation secures 5% equity stake in $340 million big battery
A First Nations community-led corporation located in Wellington, New South Wales, has secured a 5% equity stake in the $340 million Bulabul Battery, formerly known as the Wellington battery storage system, and in partnership with AMPYR Australia.
60% of Queensland electricity from rooftop solar by 2035 a ‘no-brainer’
A Queensland report says 60% of the states’ electricity could be generated by rooftop solar and distributed battery storage by 2035, if the state supports a host of initiatives resulting in further rollout of consumer energy resources.
Tindo to scale up production capacity with Solar Sunshot support
Australian solar module manufacturer Tindo Solar will look to ramp up domestic production capacity after securing funding through the federal government’s $1 billion Solar Sunshot Program.
FRV Australia reaches financial close on its biggest battery
Saudi-backed Fotowatio Renewable Ventures Australia is advancing plans to build what will be its biggest battery project in the country after reaching a final investment decision on a 500 MWh energy storage system proposed for southern Victoria.
Marinus Link gets go-ahead to dive straight into stage 1 construction phase
Marinus Link, the 750 MW capacity high voltage direct current electricity interconnector proposed to strengthen the Tasmania and Victoria connection on the National Electricity Market, has reached Stage 1 financial investment decision.
AGL reaches final investment decision on 2,000 MWh Tomago big battery
Australian energy major, AGL, has reached final investment decision on the 500 MW / 2,000 MWh Tomago battery energy storage system in the Hunter Region, New South Wales, and has appointed energy storage company Fluence to deliver the project’s build.
Federal home battery subsidy triggers 1,000 installations per day bonanza
July home battery data released by SunWiz shows Australia is on track to smash 2024 records with the potential for 220,000 installations to be completed in the first 12 months of the federal government’s Cheaper Home Batteries subsidy.
New South Wales invests in Spanish hybrid renewable energy platform
The New South Wales Treasury Corporation, the state’s sovereign investor, has entered into a partnership with United Kingdom-based developer Equitix to grow its renewable energy hybridisation platform in Spain.
