Markets & Policy

Andrew Forrest’s Squadron Energy has lodged documents with the New South Wales government in a forward step on its proposed 2 GW Koorakee Energy Park that is to include a 1 GW solar farm and 1 GW of wind energy backed by a 1 GW / 12 GWh battery energy storage system.

Australian miner Evolution Mining is moving on a $7 billion plan to build a 2 GW / 20 GWh pumped hydro electricity generation facility in the pit of a 20-year-old gold mine in southeast Queensland.

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.

Australian battery technology startup Relectrify plans to scale up the adoption of its cell-level battery control technology by international manufacturers of grid-scale and commercial and industrial battery energy storage systems after closing a multi-million dollar round of funding.

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.

Queensland government-owned energy company Energex is pushing ahead with the deployment of up to 35 pole- and ground-mounted community batteries in the city of Ipswich as it explores how to best store and reuse solar energy from the state’s approximately 1 million rooftop solar systems.

Australian energy infrastructure asset owner and manager Sustainable Energy Infrastructure is set to broaden its development strategy, teaming with renewables developer ACEnergy to roll out an initial tranche of seven battery energy storage systems with a combined capacity of approximately 35 MW/ 70 MWh.

Consultation on Tasmania’s proposed first coordinated renewable energy zone in the state’s northwest has begun, putting the Apple Isle a step closer to its legislated target to be 200% powered by renewables by 2040.

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.

A new report from the International Energy Agency’s Photovoltaic Power Systems Programme presents a suite of strategic recommendations aimed at taking building integrated photovoltaics from niche market to mainstream.