Pacific Channel fund to support 10 GW renewables portfolio in NZ
Venture capital outfit Pacific Channel has launched a new renewable energy development fund to accelerate the development of more than 10 GW of large-scale solar, wind and battery energy storage projects across New Zealand.
Victoria backs synchronous condenser to boost renewables
The Victorian government’s $480 million investment into strengthening the state’s energy grid is closing on another milestone with the installation of Australia’s largest synchronous condenser nearing completion.
Renewables to supercharge regional construction boom
An “explosion” of renewable energy projects and associated infrastructure is expected to supercharge construction activity in regional Australia at twice the rate of work in capital cities over the next two years.
Acen seeks federal approval for big battery in Queensland coal country
The Australian arm of Philippines-based energy company Acen Corp is seeking federal government approval to build a 440 MW / 1,760 MWh battery energy storage system in the heart of Queensland coal country.
Gridbeyond introduces new asset optimisation platforms
Ireland headquartered energy optimiser GridBeyond has expanded its presence in the Australian renewable energy market with the launch of two data-driven platforms designed to help asset owners navigate uncertainty around revenue predictability.
Malaysian partners to develop 1.5 GW of solar
Subsidiaries of Gentari and Gamuda will develop 1.5 GW of solar with battery storage in Malaysia to supply hyperscale data centres under the Corporate Renewable Energy Supply Scheme, supporting the country’s push to expand clean energy and meet rising tech-sector demand.
Neoen reaches operational milestone with Collie battery
The second stage of Australia’s biggest operational battery to date has completed the testing and commissioning process and is successfully operating, just 15 months after construction commenced.
ACEnergy signs 3 GWh battery supply deal with CATL
Victorian-headquartered renewable energy developer ACEnergy has tapped China-based battery manufacturer CATL to supply 3 GWh of battery energy storage systems in Australia.
Foresight’s renewables fund secures $700 million to support portfolio growth
The Australian Renewables Income Fund, a renewable energy fund managed by British infrastructure investor Foresight Group, has raised $700 million to refinance existing projects and expand its portfolio.
Lithium ion battery company Energy Renaissance goes into administration
The New South Wales-based lithium ion battery company Energy Renaissance has gone into administration, just months after celebrating a decade in business.
