Winners of nation’s largest storage tender include two ex-coal plant big batteries, VPP series
More than 1 GW of firmed storage capacity is set to be delivered by the six winning projects from the New South Wales (NSW) tender combining state and federal schemes. Akaysha Energy’s 415 MW / 1660 MWh battery in Wellington and AGL’s 500 MW / 1000 MWh Liddell battery are the round’s two biggest projects.
Fortescue brings three projects to FID committing $1.1 billion
Fortescue has announced three projects – two in Australia and the other in the US – have reached final investment decision (FID). The company held its annual general meeting today, where members voted down its contentious executive pay policy.
China module prices hit new record lows, operating rates estimated around 60%
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Fortescue continues US expansion with new clean energy manufacturing plant
Australian mining and green energy major Fortescue has revealed plans to establish a new clean energy technology manufacturing plant in the United States as it looks to take advantage of America’s $565 billion (USD 369 billion) Inflation Reduction Act.
Macquarie targets 4 GW of solar, wind and batteries with new energy business
The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.
WA commits $708 million to future-proof state’s main grid
The Western Australian government will invest more than $700 million (USD 455 million) to deliver the step change in electricity transmission infrastructure needed to unlock renewable energy generation opportunities that will support the state’s energy transformation.
Weekend read: the overproduction conundrum
Manufacturing capacity has been ramping up so quickly that even impressive installation growth cannot keep pace. Molly Morgan, senior research analyst at UK-based research firm Exawatt, explores the relationship between PV supply and demand and assesses the likelihood of overproduction.
Tesla to take on incumbents in Australia’s retail market
Electric vehicle and battery energy storage manufacturing giant Tesla is aiming to “disrupt the traditional incumbents” in Australia’s electricity retail sector with its application for an electricity retailer licence having been accepted by the market regulator.
AEMO confident renewables can counter extreme demand
Amid predictions Australia’s energy system faces a summer of extreme demand, the market operator has forecast that renewables, including 2 GW of generation capacity from new wind and solar projects, will counter the risk of power outages.
‘Well short’: Canadian fund flags REZ risks, costs and offtake woes as causing Australian underinvestment
The managing director of Omers Infrastructure, a Canadian infrastructure fund with stakes in FRV Australia and Transgrid, has said the company is “well short” of its investment hopes for Australian renewables.
