LCOE not correct optimisation parameter of PV plants, say researchers
New research shows the importance of considering power plant dispatchability in PV project planning. An international team of scientists claim assessing a project’s levelised cost of energy could be misleading, especially with variable and sometimes negative electricity prices.
Solar projects forecast to drive $5.4 billion construction boom to 2026
A Sydney-headquartered industry research and forecasting company Macromonitor report has forecast investment in solar will rise 70% over the coming two years to $5.4 billion but overall renewable energy generation infrastructure investment will peak soon after.
WA gets 800 MWh renewables boost with completion of Kwinana stage two
Western Australia’s state-owned gentailer Synergy has completed the installation of Kwinana battery Stage 2, and together with Stage 1 will power 450,000 Perth households for up to four hours.
Trina seeks approval for 1 GWh battery project in Victoria
Chinese solar giant Trina Solar has lodged plans to build a 1 GWh battery energy storage system in Victoria as part of a broader strategy that aims to deliver more than 6.5 GW of large-scale renewable energy generation and storage projects across Australia.
NEM review takes pro-active approach to future-proof rapid renewables uptake
Future-proofing a grid after coal-fired power generation phases out, has prompted an Australian government review of the National Electricity Market to promote investment in firmed reliable renewable energy such as rooftop solar, utility scale projects, and storage capacity.
Vast unlocks funding to fuel concentrated solar power plant plans
Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.
Engie signs ‘virtual battery’ deal with Neoen for Victoria battery
Renewables developer Engie has signed a “virtual battery” deal with fellow French company Neoen that will allow it access to the 40 MW of the Victoria Big Battery.
NSW provides green light for second 2 GWh battery in two days
The New South Wales clean energy transition is ramping up with the state government providing planning approval for a second 2 GWh battery energy storage system in as many days.
CSIRO venture plans 50 MW concentrated solar tech plant
CSIRO spin out FPR Energy has secured $15 million in seed funding to commercialise concentrated solar thermal technology that lends itself to long-duration energy storage for industrial processes, green fuel production and dispatchable power.
WA sets assessment level for mega 70 GW solar and wind project
A mega 70 GW wind and solar project planned for the far southeast of Western Australia is to face close scrutiny with the state’s environmental watchdog confirming the estimated $100 billion project will undergo a public review.
