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Elon Musk wins SolarCity lawsuit, avoids $2.8 billion judgment

Business magnate Elon Musk has avoided what would have been the largest judgment in US history on an individual executive.

Megafund acquires three east coast solar farms in takeover of Elliot Green Power

Global investment manager Igneo Infrastructure Partners will acquire Elliot Green Power, along with its solar and storage portfolio, via its Australian business, Atmos Renewables.

European Commission could call in Australian investor Macquarie’s bid for French developer

Australia’s Macquarie is leading a consortium that has reportedly tabled a €2.5 billion ($3.65 billion) bid for a clean energy business formed by French private equity houses InfraVia and Eurazeo.

Weekend read: Big battery breach

In September 2021, not long after a fire at the Victorian Big Battery made international headlines, Neoen’s original “Big Battery” – the Hornsdale Power Reserve in South Australia – was sued by the Australian Energy Regulator for failing to provide all of the frequency control ancillary services it had agreed to offer. The case is now before Australia’s Federal Court, where the judgement could set an important precedent for network operations in Australia, as well as the transition to large-scale batteries.

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What tomorrow’s SRES changes mean for Australia’s solar industry

On Friday, major changes to the regulatory framework surrounding the small-scale renewable energy scheme (SRES), effectively the country’s solar rebate program, will come into force. Pv magazine Australia spoke to Smart Energy Council CEO John Grimes about the changes and how they will impact Australia’s solar players.

Federal fossil supports grows to $10.5 in FY22 as own party rules ARENA changes illegal

A standing committee has blocked federal energy minister Angus Taylor’s longstanding attempts to allow ARENA to fund fossil fuel projects, finding it illegal. The ruling came on the same day new analysis found the Morrison government’s fossil fuel subsidies increased 12% in FY22, costing taxpayers a total of $10.5 billion.

Solving the EPC equation for utility-scale solar developments

We are living through uncertain times. Despite the urgency of the energy transition and the substantial and growing opportunities for new utility-scale (and larger) renewables developments, risks arise for owners, developers, lenders, investors and contractors.

New rules allow distributors to roll out standalone power systems in NEM

The deployment of standalone power systems in the National Electricity Market is expected to accelerate after the Australian Energy Market Commission this week published new rules allowing distributors to install the renewables-based technology in the five market jurisdictions.

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Tasmanian installer convicted and two agents suspended following Regulator’s investigations

A Tasmanian solar installer has been prosecuted for providing a false signature on a certificate form after being investigated by the Clean Energy Regulator. The Regulator has this month also suspended the registration of two solar agents, one permanently.

100MW of modules detained in the US under Hoshine WRO released

Shipping containers storing roughly 100MW of LONGi solar modules have been released, reports ROTH Capital Partners in an industry note, while Trina has had the vast majority of its detained product released, if not all of it entirely.

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