Markets & Policy

The world’s biggest solar market reached a cumulative installed PV capacity of 174.63 GW at the end of last year.

There are only 147 of the endearing and vulnerable kākāpō left. New Zealand’s 100% renewable Meridian Energy is tapping national ingenuity to encourage romance between these large green parrots, boost awareness of their plight, and most importantly, grow their population.

With more than 360 power stations accredited with a cumulative capacity of 3,376 MW, the Clean Energy Regulator says 2018 was a record year for Australia’s large-scale renewable capacity additions.

Another big battery has gone live in South Australia with the goal to contribute to energy security and reliability as a heatwave puts grid under pressure. The $30 million energy storage system is developed and owned by ElectraNet, as the first battery in the NEM to provide regulated network services and competitive market services.

Singapore-based solar developer Sunseap has taken a minority stake in Todae Solar, one of Australia’s largest solar commercial and industrial EPC companies.

The Chinese-Canadian solar manufacturer has bought a South Australian large-scale solar farm from renewables developer Tetris Energy. A PPA has been inked with electricity retailer Flow Power to power some of the local agricultural business.

In the UK investor’s first deal since entering the Australian marketplace, Octopus Investments and Australian renewables developer Edify Energy have arranged more than $450 million to finance one of Australia’s major PV projects – a 333MW DC (275MW AC) solar farm, which has an approval to be collocated with a 100 MWh energy storage facility at Darlington Point, NSW.

After releasing the December quarter update for the 50 MW Kidston Solar Project Stage 1, which showed strong revenues and a big boost in generated power, Sydney-based Genex Power has shared a research paper on the term sheet signed with electricity provider EnergyAustralia for the 250 MW Kidston Stage 2 Pumped Hydro Storage development.

Melbourne University’s Energy Transition Hub has released an update on its popular OpenNEM data tool, adding historical data to the searchable stream of information on where Australia’s energy is coming from, how we use it and what it costs.

Danish renewables investor and asset manager Obton has set up a joint venture with Australian developer Torus with the goal to buy, develop and build solar projects Down Under. With several projects already in its pipeline, the company says it has faith in the market despite policy uncertainty.