CSIRO report shows firmed renewables remain lowest-cost option
Australia’s national science agency has reaffirmed its assessment that solar and wind energy backed by storage and transmission remain the lowest-cost new-build electricity generation technologies.
CleanPeak secures $500 million to grow solar and storage platform
Global investment firm KKR has committed $500 million to partner with Australian renewables company CleanPeak Energy and support the growth of its distributed energy platform, focusing on solar, battery energy storage, and microgrid solutions.
Perth battery manufacturer plans major expansion
Perth-based energy storage and off-grid power system specialist Magellan Power has launched a $15 million funding round to boost its manufacturing capabilities and support a “significant expansion” of its operations across Australia.
BP backs out of 26 GW green hydrogen plan in WA’s Pilbara
Global oil giant BP has quit the proposed Australian Renewable Energy Hub that would include the installation of up to 26 GW of solar and wind generation, much of which would have been used to produce green hydrogen and ammonia.
Global average solar LCOE stood at $0.065/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelised cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
Spanish parliament rejects grid reform law proposed after April blackout
Spain’s parliament has rejected a legislative package aimed at reinforcing the grid and scaling up battery energy storage following the 28 April 2025 blackout.
Bunnings teams with Intellihub on solar, energy storage offer
Hardware chain Bunnings is making a play for a slice of the home energy market with a subscription offer for rooftop solar and household battery energy storage systems.
NEM connections pipeline grows to 53 GW
Australia’s energy transition is gaining “real measurable momentum” with the market operator reporting a record wave of new solar, wind, and energy storage projects are progressing through the grid connection process, at a larger scale than ever before.
OX2 seeks green tick for Sunshine State solar and battery project
Swedish renewable energy developer OX2 has presented a large-scale solar farm and battery project planned for a former north Queensland sugarcane farm to the Australian government for environmental approval.
‘Mid-scale’ solar forms key part of new JV’s $500 million strategy
Melbourne-headquartered infrastructure and energy investment firm Kai Global and South Korea’s Wide Creek Asset Management have launched a $500 million joint venture dedicated to solar and battery energy storage projects in Australia.
