FRV Australia reaches financial close on its biggest battery
Saudi-backed Fotowatio Renewable Ventures Australia is advancing plans to build what will be its biggest battery project in the country after reaching a final investment decision on a 500 MWh energy storage system proposed for southern Victoria.
Global electricity demand to rise in 2026 as renewables lead, says IEA
Global electricity demand is set to rise more than 3% per year through 2026, driven by growth in Asia and greater use across industry, data centres, and transport, with renewables, gas, and nuclear meeting most of the increase, says the International Energy Agency.
Marinus Link gets go-ahead to dive straight into stage 1 construction phase
Marinus Link, the 750 MW capacity high voltage direct current electricity interconnector proposed to strengthen the Tasmania and Victoria connection on the National Electricity Market, has reached Stage 1 financial investment decision.
AGL reaches final investment decision on 2,000 MWh Tomago big battery
Australian energy major, AGL, has reached final investment decision on the 500 MW / 2,000 MWh Tomago battery energy storage system in the Hunter Region, New South Wales, and has appointed energy storage company Fluence to deliver the project’s build.
Federal home battery subsidy triggers 1,000 installations per day bonanza
July home battery data released by SunWiz shows Australia is on track to smash 2024 records with the potential for 220,000 installations to be completed in the first 12 months of the federal government’s Cheaper Home Batteries subsidy.
New South Wales invests in Spanish hybrid renewable energy platform
The New South Wales Treasury Corporation, the state’s sovereign investor, has entered into a partnership with United Kingdom-based developer Equitix to grow its renewable energy hybridisation platform in Spain.
Australia’s renewables target marathon still far from COP28 finish line
Australia is one of only seven countries outside the European Union that has updated its 2030 national renewable target with an 18 GW boost, since the 2023 COP28 global tripling pledge.
Sundrive copper HJT cells to power up ANU racing team’s world solar challenge
Australian National University students are putting the final touches to their solar car Monty, using Sundrive copper HJT solar cells in preparation for the 3,000 kilometre World Solar Challenge from Darwin to Adelaide in August.
Barnaby Joyce wants Australia to abandon net zero – but his four central claims don’t stack up
One-time Nationals leader Barnaby Joyce sought to dominate the first sitting week of the current federal parliament by proposing a divisive plan to reverse Australia’s net zero emissions target.
Grid scale solar and battery projects score Western Power connection offers
Western Power has closed off 759 MW of connection offers for FY2024/25, announcing the last two projects for the period, and in the coming financial year expects to offers made for a further 300 MW of storage and 112 MW solar generation.
