Philippines announces renewables, energy storage auction
The Philippines’ Department of Energy has said that energy storage and maximising the country’s existing renewable energy infrastructure will be a major theme for its next green energy auction. GEA-4 will take place in the final quarter of 2024.
FRV secures $1.2 billion financing for 1 GW Australian portfolio
Renewable energy and battery storage developer Fotowatio Renewable Ventures says it has raised more than $1.2 billion in new debt finance for its Australian clean energy assets, including its first standalone battery project planned for Victoria.
MPower hits mid-scale milestone with Narromine project exporting at 100%
Less than six months after site works commenced for a 5 MW solar project near Narromine in western New South Wales, developer MPower has announced that the power plant has achieved commercial operations and commenced generating revenue.
Investor concerns remain as NEM project pipeline grows
Growth in Australia’s renewable energy sector is strong with 43 GW of new utility scale generation and storage projects working through the National Electricity Market connection process but concerns remain that uncertainties surrounding approval processes could impact investor confidence.
Data reveals dominant players in Australian battery market
Analysis by solar and storage market consultancy SunWiz has identified the most popular brand of battery energy storage systems in the Australian market with Chinese manufacturers leading the way.
Sinovoltaics shuffles PV module manufacturer financial stability rankings
The third edition of the Sinovoltaics financial stability report ranking lists India-based Abhishek Corp, Insolartion Energy, Waaree Renewable Technologies, and Solex Energy, all based in India, followed by United States-headquartered First Solar as the top five. Six additional manufacturers entered the global ranking.
Winter weather highlights bigger role for batteries
The latest quarterly report from the country’s energy market operator shows the role of batteries in supporting demand peaks in the National Electricity Market is on the rise, with average generation in those periods more than doubling since the same time last year.
Alinta secures approval for second battery in WA’s southwest
Electricity and gas provider Alinta Energy has received the tick of approval from the Western Australian government to begin construction of a second battery energy storage facility at Wagerup in the state’s southwest.
WTO accuses China of low transparency on state subsidies, including solar
The World Trade Organisation Secretariat has criticised China for an alleged lack of transparency in its state support framework and has urged the nation to improve its subsidy notification process.
WA targets 6.5 TWh of renewables generation as part of federal deal
Western Australia has locked in federal government funding to build a minimum 6.5 TWh of large-scale solar and wind projects and 1.1 GW of new storage to help ensure the electricity grid remains stable as the state continues its renewable energy transition.
