Greek developer shops Australian solar and battery portfolio
Greece-based resources and renewables company Mytilineos, now known as Metelen Energy and Metals, is looking to sell its Australian renewable energy generation and storage assets, including six operational solar farms totalling 284 MW.
Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses
Longi says it expects a net loss of CNY 4.8 billion ($980 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.
Akaysha lands $650 million to fund 1,660 MWh Orana battery build
Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the National Electricity Market.
Genusplus wins Western Power contract to maintain and upgrade SWIS network
State-owned utility Western Power has awarded Perth-based power infrastructure provider Genusplus Group a five-year contract to maintain and upgrade the South West Interconnected System.
Queensland and South Australian critical mineral processing plant pilots win grants
Australian producers of critical minerals needed for electric vehicles and lithium-ion batteries have received Australian government grants to a combined $13 million to help build diversified supply chains with the support of partners in the USA, Japan and Republic of Korea.
Electric vehicles can be a line of defence in outage emergencies, research finds
In a world first, researchers at the Australian National University, Canberra, got the grid emergency they needed in February 2024, to provide clear evidence electric vehicles using vehicle-to-grid (V2G) systems can bolster the grid in a blackout.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Australia’s first community lithium battery and EV charger factory opening soon
A $20 million community lithium battery and electric vehicle charger manufacturing facility, developed by Australian company Elumina, is near ready to begin production on Queensland’s Gold Coast.
Queensland’s biggest 500 MW / 1 GWh battery gets planning approval
Renewables investment firm Octopus Australia has received planning approval from a local government body for its 500 MW / 1 GWh Blackstone battery energy storage system located 40 km southwest of Brisbane.
Renewables deal inked to unlock 1.4 GW of projects and storage in South Australia
The Australian government will underwrite developers to build a minimum of 1.4 GW of new solar and wind projects and storage capacity in South Australia, as part of a new deal signed with the state.
