Energy Estate targets $500 million to accelerate renewables growth
Australian renewables developer Energy Estate is seeking to raise more than $500 million to support its development activities and bankroll the construction of renewable power plants in both Australia and New Zealand.
Solar auctions in India to attract large developers
A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.
Snowy Hydro signs wind deal with CWP
Australian gentailer Snowy Hydro has signed a power purchasing agreement with CWP Renewables for its biggest wind farm, currently in development in New South Wales.
Oil supermajor takes majority stake in WA hydrogen megaproject
Oil and gas giant BP will take a 40.5% stake in the 26 GW Asian Renewable Energy Hub megaproject proposed for Western Australia’s north coast.
A simmering cauldron of renewables ‘revenue cannibalisation’
There is enormous demand for renewables to enter the grid, and for power purchase agreements to make use of them. However, as more renewables feed into the grid at intermittent periods, the risk of “revenue cannibalisation” increases. Swiss consultancy Pexapark’s latest report looks at the “cannibalisation effect” and how the solar PPA market can adapt.
Edify secures financing for series of grid forming batteries in NSW
Edify Energy has completed the financing for its grid forming 150 MW / 300 MWh battery energy storage system. The system will be made up of three separate batteries in the Riverina region of NSW which have gained approval to operate in ‘virtual synchronous generator’ mode.
Tindo Solar offers working-capital solution for installers
Solar installers and resellers can now access up to $250,000 on interest-free terms to increase their stocks of Australian-made solar panels after PV module manufacturer Tindo Solar teamed with business financer Moula Pay.
NSW announces $1.2 billion investment in renewable energy
The New South Wales government has announced its single biggest investment yet in renewable energy infrastructure, committing $1.2 billion to fast-track priority transmission and energy storage projects as the energy sector continues its rapid transformation towards a decarbonised and decentralised future.
IRENA reveals stark reality of electricity access for all by 2030
The International Renewable Energy Agency’s latest annual report on the progress towards the United Nation’s sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.
Brisbane-based green hydrogen company wants to get its projects off the ground with ground-level crowdfunding
Brisbane-based Line Hydrogen is seeking $2 million in crowdfunding investment from Australians who want to contribute to the green energy revolution at the ground level by getting its Tasmanian and Queensland green hydrogen projects off the ground.
