BE Power adds 9.6 GWh pumped hydro project to Queensland pipeline
Queensland’s pipeline of pumped hydro storage projects continues to grow with Victorian-based renewables company BE Power announcing plans to develop an 800 MW / 9.6 GWh project at Mount Alma near Gladstone.
IEA urges countries to accelerate renewables deployment
A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
National renewables tender design emphasises social licence factors
Social licence commitments have been prioritised over commercial operation dates in the guidelines for Australia’s first national renewable electricity generation tender that is seeking to deliver 6 GW of renewable capacity across the National Electricity Market.
Long-duration energy storage poised to outcompete lithium-ion batteries
While most long-duration energy storage (LDES) technologies are still early stage and costly compared to lithium-ion batteries, some have already, or are, set to achieve lower costs for longer durations, finds BloombergNEF.
Palisade secures new financing for Intera renewables push
Australian infrastructure asset manager Palisade Investment Partners has secured $258 million in new debt financing to back the further expansion of its gigawatt-scale renewable energy platform.
Transgrid reaches milestone on $2.3 billion interstate transmission project
Construction of Australia’s largest energy transmission project is progressing with Transgrid announcing that the first of four lines has been completed as part of the 900-kilometre EnergyConnect infrastructure project that will link power grids across three states.
Community battery rollout picks up pace adding 980 kWh capacity in NSW
The deployment of community batteries rolls on in New South Wales with network operators Endeavour Energy and Ausgrid both launching new energy storage systems on their networks.
Zen Energy links with Japanese subsidiary on green hydrogen path
Australian renewable energy gen-tailer Zen Energy has teamed with DGA Energy Solutions Australia, a subsidiary of Japanese trading giant Mitsubishi Corp, to co-develop green hydrogen projects and advance Mitsubishi’s decarbonisation goals.
Horizon on hunt for renewable solutions for Kimberley communities
Western Australian regional energy provider Horizon Power has begun the search for electricity supply solutions that maximise renewable energy sources like solar to power five remote communities in the Kimberley region, reducing their reliance on fossil-fuel generation including diesel and gas.
Renewable manufacturing costs up to 200% lower in China, says WoodMac
Wood Mackenzie says in its latest report that low prices and integrated supply chains allow Chinese manufacturers to supply more than 65% of total global demand for renewables equipment, with its exports growing by 35% between 2019 and 2023.
