Mytilineos secures PPA for 120 MW Queensland solar farm in development
Australia’s National Broadband Network (nbn) Corporation has signed an offtake deal with Greek developer Mytilineos to take 59 GWh per annum from its Munna Creek solar farm north of Brisbane, Queensland.
AGL to trial forecasting tool to transform energy demands of C&I sites
Melbourne Airport is among the organisations taking part in a two-year trial intended to help commercial and industrial energy users shift their demand away from peak times, easing pressure on the grid and supporting the integration of more renewables.
Origin takeover vote postponed as suitors lob revised proposal
Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.
Weather risk up, margins down: solutions to future-proofing big solar
Extreme weather is a growing risk to solar farms. Future-proofing through advanced technologies, leveraging data from novel sources, and by building both collaboration and acceptance of risk is vital, but rarely achieved today for a number of reasons. Insurers, lenders, developers, contractors and manufacturers come together here to discuss solutions to the intractable problem of weather risk.
Superfund commits $1 billion to developer involved in green data centres
Superannuation fund Rest has announced it will invest $1 billion (655 million) into Australian-owned renewable energy investor and developer, Quinbrook Infrastructure Partners. The fund has a particular eye to green data storage centres.
Winners of nation’s largest storage tender include two ex-coal plant big batteries, VPP series
More than 1 GW of firmed storage capacity is set to be delivered by the six winning projects from the New South Wales (NSW) tender combining state and federal schemes. Akaysha Energy’s 415 MW / 1660 MWh battery in Wellington and AGL’s 500 MW / 1000 MWh Liddell battery are the round’s two biggest projects.
Fortescue brings three projects to FID committing $1.1 billion
Fortescue has announced three projects – two in Australia and the other in the US – have reached final investment decision (FID). The company held its annual general meeting today, where members voted down its contentious executive pay policy.
China module prices hit new record lows, operating rates estimated around 60%
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Fortescue continues US expansion with new clean energy manufacturing plant
Australian mining and green energy major Fortescue has revealed plans to establish a new clean energy technology manufacturing plant in the United States as it looks to take advantage of America’s $565 billion (USD 369 billion) Inflation Reduction Act.
Macquarie targets 4 GW of solar, wind and batteries with new energy business
The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.
