Telstra adds new solar farm to renewable energy commitment
Australia’s largest telecommunications provider, Telstra, is a step closer to its goal of enabling renewable energy generation equivalent to 100% of its consumption by 2025 after inking a new 153 GWh solar offtake agreement with Global Power Generation.
Australian firm developing 700 MW floating solar, 1.5 GWh battery, in Sri Lanka supported by government PPA
Victorian company United Solar Group, which is developing a floating 700 MW solar and 1.5 GWh battery project at the Poonakary Lake in Kilinochchi, Sri Lanka, has had a Power Purchase Agreement approved by the Sri Lankan cabinet.
$4 billion expected from sale of Naturgy’s 1.3 GW portfolio-holder GPG Australia
Major Australian renewable energy portfolio holder Global Power Generation Australia, jointly owned by Spain’s Naturgy and an arm of the Kuwait Investment Authority, is reportedly going up for auction early next year.
China module prices slide to new lows, manufacturers cut production
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.
Synergy secures planning approval for 2 GWh big battery
Western Australian government-owned utility Synergy’s plan to build a 500 MW/2,000 MWh battery energy storage system in the state’s southwest to improve system security and support increased renewable energy generation in the main grid has been given the tick of approval by planning authorities.
Solar LCOE now 29% lower than any fossil fuel option, says EY
A report from Ernst & Young shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelised cost of electricity for PV is now 29% lower than the cheapest fossil fuel alternative.
Weekend read: Australia’s battery balancing act
Australia is geologically equipped to become a battery critical-minerals hub but the nation is stumbling upon sticky structural issues. Sensitive diplomatic and trade ties, delicate forests and ecosystems, and a devotion to free markets and small government are among the major hurdles, writes Bella Peacock.
Compressed air to secure power supply for Broken Hill
Canadian firm Hydrostor has struck a deal to provide back-up power to the remote New South Wales outback town of Broken Hill using a compressed air energy storage plant that will be built in an underground cavern at one of the region’s closed mines.
CleanPeak plots four new solar farms after inking NSW energy agreement
Australian commercial solar outfit CleanPeak Energy will deliver at least four new solar farms in regional New South Wales after striking a green energy deal with the state government that will ensure the long-term carbon neutrality of Sydney’s Barangaroo precinct.
Grid connection applications climb as AEMO points to ‘major influx’
A “major influx” of new renewable generation and storage capacity is poised to connect to Australia’s main grid with the energy market operator revealing almost 150 projects representing more than 31 GW of new capacity are in the application and pre-registration stages.
