North Harbour lands funding to back twin battery projects
Australian renewables developer North Harbour Clean Energy has secured early-stage funding for two large-scale battery energy storage projects in New South Wales.
Federal renewables subsidy scheme expanded to 40 GW
The federal government is scaling up its support for renewables, expanding its flagship Capacity Investment Scheme in a bid to accelerate Australia’s clean energy transition.
NSW tender to target 500 MW of energy firming projects
The New South Wales government has launched a new tender seeking 500 MW of firming capacity to support the transition to renewables as its ageing coal-fired power stations are shut down.
Dutch investment giant APG pumps $1 billion into Australian renewables platform
Dutch pension fund giant APG Asset Management has committed more than $1 billion to expand the renewable energy platform of developer Octopus Australia.
CSIRO report shows firmed renewables remain lowest-cost option
Australia’s national science agency has reaffirmed its assessment that solar and wind energy backed by storage and transmission remain the lowest-cost new-build electricity generation technologies.
CleanPeak secures $500 million to grow solar and storage platform
Global investment firm KKR has committed $500 million to partner with Australian renewables company CleanPeak Energy and support the growth of its distributed energy platform, focusing on solar, battery energy storage, and microgrid solutions.
Perth battery manufacturer plans major expansion
Perth-based energy storage and off-grid power system specialist Magellan Power has launched a $15 million funding round to boost its manufacturing capabilities and support a “significant expansion” of its operations across Australia.
BP backs out of 26 GW green hydrogen plan in WA’s Pilbara
Global oil giant BP has quit the proposed Australian Renewable Energy Hub that would include the installation of up to 26 GW of solar and wind generation, much of which would have been used to produce green hydrogen and ammonia.
Global average solar LCOE stood at $0.065/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelised cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
Spanish parliament rejects grid reform law proposed after April blackout
Spain’s parliament has rejected a legislative package aimed at reinforcing the grid and scaling up battery energy storage following the 28 April 2025 blackout.
