Planets align for Australia’s first live DER integration into wholesale markets
Manager of Western Australia’s South West Interconnected System Western Power has been allocated $20.8 million from the Australian Renewable Energy Agency for its Project Jupiter, which for the first time in Australia will integrate a live distributed energy resources marketplace with wholesale markets.
CEFC unlocks $13.3 billion in six months to supercharge clean energy economy
The Australian government’s Clean Energy Finance Corporation is on track to deliver $13.3 billion in investment across the renewable energy economy, after closing off $3.8 billion in new commitments in the six months to December 2024.
ARENA directed to consider suburb-wide solar and storage projects
The Australian Renewable Energy Agency has been directed to consider more funding for residential solar and battery energy storage systems as the federal government examines how best to expand household electrification projects around the country.
AusNet invests in solar and storage to support energy security
Victorian electricity and gas network company AusNet Services is turning to solar and battery energy storage systems to improve energy reliability in communities serviced by its electricity distribution network.
Green bank gets $2 billion windfall to boost further investment in clean energy
A $2 billion allocation from the Australian government to its ‘green bank’ Clean Energy Finance Corporation will boost investment commitments in renewable energy generation and storage, electric vehicles, infrastructure and natural capital.
Quinbrook lands new finance for big Brisbane battery
Quinbrook Infrastructure Partners has closed a $722 million financing deal that will support the development of the early stages of a planned 760 MW / 3,096 MWh battery energy storage system being built in Queensland.
Aussie miner lands $1.6 billion for US lithium project
Australia-based critical minerals miner Ioneer has been tapped to help strengthen America’s battery supply chain, securing a $1.6 billion loan from the US Department of Energy to develop a lithium and boron project in Nevada.
Government pledges $2 billion to drive aluminium sector’s renewables shift
The Australian government has announced a $2 billion investment designed to accelerate the decarbonisation of the nation’s aluminium smelters, encouraging them to switch from fossil fuels to renewable electricity within the next decade.
CEFC invests $100 million into energy efficient apartment developments
The Clean Energy Finance Corporation has invested $100 million in the property development strategy of France-headquartered investment firm AXA IM Alts, which aims to embed sustainability into their Australian builds.
Costs climb for NSW-SA grid interconnector
Transgrid has confirmed the cost of the New South Wales section of Project EnergyConnect has climbed to $3.6 billion, well above the $1.82 billion price tag that was originally approved.
