Acen targets $835 million to fuel renewables expansion
Renewables developer Acen, a key player in the Australian energy transition, is returning to the capital market with plans to raise almost $835 million to fuel its expansion and investment in the clean energy sector as it seeks to almost triple its renewable energy capacity to 20 GW by 2030.
Battery innovator introduces inverter-less system to Taiwan
Victorian-headquartered battery storage innovator Relectrify, has introduced its novel, inverter-less battery energy storage solution to the Taiwan market.
Landowners push plan for Tasmania solar and storage project
A group of Tasmanian landowners is seeking Australian government approval to develop a 250 MW solar farm and 144 MW / 576 MWh battery energy storage system in the state’s Central Highlands region.
Eku Energy acquires 2 GWh UK battery project portfolio
Eku Energy, the battery storage offshoot of Australian financial services group Macquarie, has acquired a 1 GW / 2 GWh portfolio of energy storage projects in the United Kingdom.
Federation to launch multibillion-dollar energy storage platform
Australian investment firm Federation Asset Management has announced its intention to launch a new long-duration energy storage platform that is to have about 4 GWh of storage projects ready to take to financial close within two years.
AusNet advances connection works for FRV hybrid projects
The path for Fotowatio Renewable Ventures to build two hybrid solar and energy storage projects in central Victoria has been smoothed with electricity distribution company AusNet revealing it is “unconditionally” progressing the connection works for the hybrid installations.
Global solar module shipments hit 703 GW in 2024
The new edition of the International Technology Roadmap for Photovoltaic, published this week, reports that average PV module prices last year dropped by 33% compared to the end of 2023.
Samsung C&T seeks approval for 320 MWh battery in NSW
The Australian renewable energy and storage arm of South Korean industrial conglomerate Samsung has submitted plans for another large-scale battery energy storage project to the federal government for environmental approval.
Acen seals deal to support growth of 13 GW Australian portfolio
Philippines-controlled Acen Australia has finalised a $750 million portfolio debt financing transaction that will support the operation and ongoing development of one of the largest renewable energy pipelines in the country and establish a platform for financing new projects in Australia.
Unsolicited rooftop solar sales subject to ‘super complaint’
Australia’s consumer watchdog is being urged to ban the unsolicited sale of solar products with a national advocacy group saying the “harmful” practice is degrading trust in the solar industry and government schemes and discouraging people from participating in the transition to clean energy.
