BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell its stake in Lightsource BP just four months after completing a full takeover of the renewables developer, as a part of a new “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.
Solar installers’ preferred panels, inverters revealed
A new survey shows the majority of Australian solar installers are unconcerned what brand solar panels and battery energy storage systems they work with, but they have a clear preference when it comes to inverters.
NSW provides tick of approval for compressed air energy storage system
Broken Hill has moved another step closer to becoming one of the world’s largest renewable energy microgrids with the New South Wales government providing planning approval for an Australian-first compressed air energy storage facility to be built near the iconic mining town.
Jolt secures $214 million to accelerate EV charger rollout
Australian electric vehicle charging provider Jolt has secured a $214 million loan agreement with the Canada Infrastructure Bank to install 1,500 kerbside EV chargers across urban centres in Canada.
Zenviron lands BOP contract for 1.4 GWh battery project
Balance-of-plant contractor Zenviron has been awarded a contract with electricity gen-tailer EnergyAustralia to build a four-hour battery energy storage system of 350 MW capacity in Victoria’s Latrobe Valley.
Cook serves up $387 million residential battery rebate scheme
The Western Australian government has moved to accelerate the uptake of residential battery energy storage systems, announcing it will introduce a $387 million rebate scheme to encourage the installation of household batteries to store and utilise extra power generated by rooftop solar.
Albanese plans local content targets as part of $500 million investment into clean energy manufacturing
The Australian government has committed $500 million to support the use of locally made steel and aluminium in the onshore manufacturing of clean energy technologies, including batteries, wind turbines, and hydrogen electrolysers.
Tongwei drops plan to acquire Runergy
Chinese PV company Tongwei originally intended to invest CNY 5 billion ($1.8 billion) to buy a 51% stake in Runergy.
Solar generation grew by 30% in 2024, says IEA
The International Energy Agency’s latest market analysis says global solar generation surpassed the 2,000 TWh mark in 2024. It grew by 30% year-on-year for its highest growth rate since 2017, adding 475 TWh in the calendar year.
Solar rebate scheme notches record as axe poised on feed-in tariffs
The Victorian government’s Solar Homes rebate program continues to reach new heights with more than 78,000 rooftop PV, solar hot water and residential battery systems installed in 2024 – the most successful year on record.
