Engie ANZ readies 2 GW renewable war chest
Engie is readying a massive renewable investment fund as it looks to develop 2,000 MW of renewables in Australia over the next ten years. The move signals defiance at the retreat of renewable investment in the face of a federal energy policy vacuum.
L’Oréal goes au naturel with 100% renewables
L’Oréal Australia and Engie ANZ have agreed to a long-term energy supply agreement that will see the cosmetics company powered by 100% renewables.
Solar Homes battery rebate expands to another 80 postcodes
The Victorian government has extended its solar battery rebate from the initial 24 to 104 postcodes. Meanwhile, the demand for solar panel rebates has slightly slowed down.
Homing in on the keys to DER integration
Australia’s rooftop PV has become the country’s biggest potential energy resource. To harness it requires that millions of household and commercial generators cede control of their hard-won, sunny patch. A new research entity has been launched to understand energy consumers’ passions and motivators, and facilitate a fair and equitable social contract — no pressure!
LCOE on some Australian PV projects as low as $27-36/MWh as renewables close in on global grid parity
The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.
RedEarth partners with Siemens on new modular battery
Australian manufacturer RedEarth has announced a new energy storage system for the Australian commercial and industrial market using technology from the global engineering and technology company, Siemens.
Another 5 GW of module capacity for the Longi juggernaut
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
Kidston solar-pumped hydro project stalls as funding falls through
Genex Power has failed to lock in a previously announced offtake agreement with EnergyAustralia for its landmark Kidston hub in northern Queensland and requested a trading halt with the ASX on their securities.
Tasmania firms its ambitions of becoming Battery of the Nation
Hydro Tasmania has released a white paper pushing the island state’s claims to become the Battery of the Nation via upgrades to the Victoria-Tasmania interconnector, an effort to unblock the backlog of solar and wind.
Adani opens 65 MW Queensland solar farm, puts further investment on hold
While it seeks to build one of Australia’s biggest coal mines, Adani has grown more cautious on solar investment after suffering connection delays on its first renewables project in Australia.
