Finance

Solar infrastructure developer Lyon Group has strengthened its ties in the Asian markets through a significant joint-venture with two of Asia’s largest energy generators. The agreement will see integrated battery storage systems utilised to reduce the risk of curtailment and increase the flexibility of renewable energy plants.

Up to $20 million of grants will be awarded for microgrid feasibility studies across Australia through the first round of the Federal Government’s Regional and Remote Communities Reliability Fund. The fund aims to provide more secure, affordable and reliable power to regional communities and save “hundreds of millions of dollars” on network upgrades.

Fundraising activity for solar leaped in the July-to-September period to provide healthy quarterly and year-so-far comparisons on 2018.

The new partnership will offer Chargefox users $100 off their electricity bill while further reducing their carbon footprint.

A massive green hydrogen production project has been unveiled for Western Australia with Siemens on board as technology partner. The project location is touted as Australia’s best for combined solar and wind generation potential.

Through subsidiary, Eni Australia, the Italian oil major has completed the acquisition of two 12.5 MW construction-ready solar project in the Northern Territory.

Plans to develop an 18 GWh lithium-ion battery factory in northern Queensland have reached an important milestone with the project feasibility study submitted to the Queensland government.

Among 31 dispatchable electricity projects unveiled this week under the NSW Emerging Energy Program, utility-scale battery storage accounted for a bulk of proposals. Four big batteries have been awarded funds for pre-investment studies, and another ten have been shortlisted for capital funding.

Today, the Australian Capital Territory (ACT) has switched to 100% renewable electricity as it started purchasing clean power from the last stage of South Australia’s Hornsdale Wind Farm.

iSwitch, Singapore’s largest green energy retailer, and one of the city-state’s top three retailers overall, has emerged as the first potential customer for the $25 billion Sun Cable Project. This pledge is the second significant boost for the project in the last week after tech billionaire Mike Cannon-Brookes declared he would help fund the project.