Weekend read: Australia’s big BESS, big bet
As Australia’s big battery fleet continues to charge ahead, the battery revenue stack is evolving – and so are financing opportunities.
NSW targets 3,000 GWh of renewable generation in latest tender round
New South Wales will be seeking 3,000 GWh of annual generation in the latest tender aimed at delivering new wind and solar generation and storage facilities as the state transforms its coal-reliant energy system.
Climate jobs campaign warns skills shortage threatens energy transition
Australia needs 200,000 more people in clean economy jobs by 2030, or risks missing its renewable energy targets according to a new campaign backed by Australian tech billionaire Mike Cannon-Brookes.
Spain rockets to fourth in global utility-scale solar listing
Spain recorded more than 20 GW of installed solar capacity at the end of last year, according to recently published data from Wiki-Solar. The website’s founder claims that the country is becoming a PV powerhouse as utility-scale developers increasingly roll out projects.
Applications open for Victorian renewables manufacturing program
Applications are open for grants of up to $750,000 (USD 479,000) under a new Victorian government program that aims to support Victorian manufacturers to be part of the growing renewable energy supply chain and boost the production of renewable energy products and components.
Albanese announces $2 billion boost to critical mineral financing
The Australian government has doubled the amount of federal financing available for critical minerals projects to $4 billion (USD 2.56 billion) as it looks to shore up supply chains with the United States, deliver on emissions reduction targets, and build clean energy industries.
Government steps in to finance major lithium project after Rinehart collapses $6.6 deal
Government agency Export Finance Australia will provide $220 million (USD 140 million) to help finance Liontown’s Kathleen Valley Lithium project after involvement from Australia’s richest person, mining magnate Gina Rinehart, caused its giant Albemarle deal to collapse.
Australia labelled world’s ‘most volatile’ electricity market
Australia’s power market is experiencing the most pricing fluctuations of anywhere in the world, according to research from Rystad Energy. This volatility is a result of unplanned coal plant outages, natural disasters impacting transmission lines, and high solar penetration pushing down midday prices.
Flexible demand standards for pools introduced in the US
To help balance variable renewable generation, California has set flexible demand standards for pool controls. The standards will help the state achieve its target of 7 GW of load flexibility by 2030 while saving consumers money.
Plibersek gives green light for 100 MW solar farm in Queensland
The Australian government has approved a third major renewables project in as many weeks, providing the green light for a 100 MW solar farm being developed in Queensland’s Western Downs region.
