RCR Tomlinson suffers $57 million write-down on two solar farms
Speculations that delayed financial results spelled troubles have proved remarkably accurate – one of Australia’s leading EPC contractors has taken a huge write-down on two Queensland solar projects, and reported $16 million net loss.
Victorian government invests in Melbourne microgrid project
As part of its state-wide microgrid funding promise, the Labor Government has allocated a total of $980,000 for the Ovida Community Energy Hub project, which will install shared solar PV and battery systems in three multi-tenanted buildings in Melbourne.
Is China about to add 10 GW of unsubsidized solar?
Rumor has it industry lobbying has persuaded the government to agree to 300-500 MW of distributed PV in each of the populous nation’s 34 local government areas, with a reduction in “non-technical costs” making up for a lack of guaranteed payment.
No cheers for solar from new energy minister
It is unclear whether Angus Taylor is a climate sceptic, but with new PM Scott Morrison having immediately separated the energy and environment ministries – and having in the past professed a curious affection for coal – life could be about to get a whole lot tougher for the Australian PV industry.
Fronius Symo Hydrid now in sync with LG Chem RESU battery
The trademark all-in-one product of the Austrian inverter specialist is now compatible with the LG Chem storage solutions.
Pro-coal MP to open off-grid solar+storage project
In yet another bizarre demonstration of the muddled thinking of coalition parliamentarians and solar, climate skeptic and pro-coal LNP MP, George Christensen, will be launching a major off-grid renewable energy project – executed by local business Linked Group Services in Northern Queensland.
AEMO: Heightened risk of outages, coal generators to blame
In its 2018 Electricity Statement of Opportunities (ESOO), the Australian Energy Market Operator (AEMO) has warned of a heightened risk of power failure during summer peak-demand periods, based on refinements in weather forecasting and reduced reliability of ageing fossil fuel generators.
Townsville battery factory study gets financial shot in the arm
Following the signing of an assistance agreement between the Queensland Government and international consortium Imperium 3, a $2 billion lithium-ion battery factory is one step closer to reality.
50 public service jobs for Latrobe Valley with Solar Victoria
The Victorian Labor Party plans to locate its Solar Victoria agency in the heart of the state’s coal country. The agency is set to administer the state government’s proposed $1.3 billion Solar Homes program.
Macquarie buys 90% stake in 322 MW solar portfolio in northern Mexico
The solar assets were acquired by the company’s unit, Macquarie Infrastructure and Real Assets (MIRA). Spanish developer, Eosol will maintain a 10% share in the projects.
