CIS targets 1.6 GW of generation and 2.4 GWh of storage for WA
The focus of the federal government’s Capacity Investment Scheme has turned to Western Australia with two tenders to open later this month seeking 1.6 GW of renewable generation, such as solar and wind, as well as 2.4 GWh of dispatchable capacity, such as battery energy storage.
Philippines completes first MW-scale floating solar array
The Philippines has completed its first megawatt-scale floating solar array, a 4.99 MW installation on the Malubog reservoir, with plans to expand to 50 MW to power a copper mine. In Mindanao, work has begun on a 99 MW solar plant backed by about $120 million in green financing from HSBC.
Australia can hit an 85% emissions cut by 2035 – if government and business seize the moment
Discussions are hotting up over Australia’s 2035 emission reduction target, which the federal government is due to reveal by September this year. It will be a crucial announcement, for several reasons.
Landholders scoop $30,000 per hectare per year to host 5 MW batteries
Renewable energy land brokerage Rok Solid has found landowners in Queensland, New South Wales, and Victoria are being offered $30,000 per annum to lease one hectacre of land for a 30-year term.
Solar Sunshot shines $4.7 million on ingot and wafer manufacturing
Stellar PV is $4.7 million closer to bringing advanced solar manufacturing back to Australia with new funds for a feasibility study of a 2 GW low-emissions polysilicon ingot pulling and wafering facility near Townsville, Queensland.
Energy Vault firms up 1 GWh Stoney Creek BESS acquisition
The full acquisition of the 1 GWh Stone Creek battery storage system to Energy Vault is complete, and precedes a USD $300 million preferred equity investment to launch its Asset Vault subsidiary.
Pacific Green signs 2 GWh capacity revenue swap agreement with Re2 Capital for Australian battery portfolio
The seven to 10-year revenue swap arrangements will support projects in four Australian states, and brings 3.5 GWh in deals done just this week by Pacific Green.
First Nations corporation secures 5% equity stake in $340 million big battery
A First Nations community-led corporation located in Wellington, New South Wales, has secured a 5% equity stake in the $340 million Bulabul Battery, formerly known as the Wellington battery storage system, and in partnership with AMPYR Australia.
Virtual power plant drives ‘zero down’ household solar and battery installs
Gentailer Alinta Energy and technology solutions company National Renewable Network have co-launched an initiative that installs household solar and battery storage systems at no upfront cost.
60% of Queensland electricity from rooftop solar by 2035 a ‘no-brainer’
A Queensland report says 60% of the states’ electricity could be generated by rooftop solar and distributed battery storage by 2035, if the state supports a host of initiatives resulting in further rollout of consumer energy resources.
