State-owned coal company seeks large-scale renewable projects to transition portfolio
The Queensland Government-owned energy company, Stanwell Corporation, has announced it is from today seeking expressions of interest from renewable energy projects to incorporate into its fossil-fuel heavy portfolio.
Independent MP proposes $483 million Local Power Agency to anchor benefits of renewables in regional communities
Helen Haines, MP for the Victorian electorate of Indi, will today put a Bill before Parliament that would underwrite and provide technical support to community renewable energy projects in regional areas, and mandate the opportunity for community to buy in to large-scale projects.
Old Mate Barnaby Joyce attempts to hijack CEFC with ‘tedious proposals’
Former leader of The Nations, Barnaby Joyce, has put forward an amendment to the Coalition’s legislation for the Clean Energy Finance Corporation (CEFC) which would allow the $10 billion “green bank” to invest in “high intensity, low emissions coal-fired power.”
Sunseap connects 23 MW in Vietnam under FIT regime
The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.
Macquarie’s second renewable energy fund raises $2.5b for large-scale investment
Macquarie owned Green Investment Group’s Renewable Energy Fund 2 has far exceeded its own expectations by raising over AUD$2.5 billion in investment commitments for large-scale solar and wind projects all over the world, including Australia.
Macquarie sets up unit to build 8 GW solar project pipeline in Europe
Green Investment Group, owned by Macquarie, has launched Cero Generation, which will operate on a European scale and carry out both ground-mounted and commercial scale power generation projects. It will also provide integrated energy storage solutions.
Global mineral processor invests in CopperString 2.0
Korea Zinc Company Ltd., parent company of Townsville-based Sun Metals, has entered into a $17 million financing agreement with the 1,100km CopperString 2.0 transmission line project across North Queensland. The project, which received an $11 million boost from the Federal Government recently, would open up enormous tracts of land for the development of renewable projects and minerals.
US alternative investment fund backs Social Energy for rapid Australian expansion
UK-based Social Energy launched in Australia with the help of shareholder Shane Warne back in 2019. Now the smart energy firm is being backed with a significant investment from US-based alternative investment fund manager CarVal Investors in order for the company to rapidly grow Down Under.
Weekend read: No dummies as Chase cuts through solar’s jargon
There’s more to read in the solar world than pv magazine alone, as much as we may hate to admit it. Looking back across some of the industry’s seminal works, leading analyst Jenny Chase’s 2019 book is too valuable, and entertaining, to be ignored.
Green finance innovation caters for ‘Virtual Storage’ market
Hydro Tasmania and buyers Macquarie Group and ERM Power have signed a ‘Virtual Storage’ deal which will see the pumped-hydro company sell the rights to its highest priced periods of ‘discharge’ and buying a fixed MW block of low-priced ‘charge’. The innovative contract is the product of the ARENA-funded Renewable Energy Hub.
