Queensland’s pipeline of pumped hydro storage projects continues to grow with Victorian-based renewables company BE Power announcing plans to develop an 800 MW / 9.6 GWh project at Mount Alma near Gladstone.
After a near six-year delay, the 60 MW Kennedy Energy Park in north Queensland, hailed as Australia’s first fully integrated utility scale solar, wind, and battery project, has finally achieved full commercial operations.
A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
The Queensland state budget will deliver the nation’s largest yet green energy investment with a record $26 billion outlay over the next four years, with $8.6 billion ready to go in the next financial year.
An inert uptake of rooftop solar and battery storage by commercial and industrial business in New South Wales is a 7 GW opportunity missed, and nationally, 28 GW, says Nexa Advisory.
Australia’s first large-scale solar and big battery storage installation – the Lakeland project in far north Queensland – has been placed on the sales block with MPower announcing it will use the proceeds to further expand its portfolio of PV and battery storage projects.
Social licence commitments have been prioritised over commercial operation dates in the guidelines for Australia’s first national renewable electricity generation tender that is seeking to deliver 6 GW of renewable capacity across the National Electricity Market.
A solar-powered microgrid has been launched in the Victorian town of Monbulk as part of a $7.5 million state government program designed to better protect communities in fire and storm-prone areas against prolonged blackouts caused by extreme weather events.
Construction of Australia’s largest energy transmission project is progressing with Transgrid announcing that the first of four lines has been completed as part of the 900-kilometre EnergyConnect infrastructure project that will link power grids across three states.
The federal government has been urged to pick up the pace after the Clean Energy Finance Corporation opened the purse strings on a $1 billion fund that is to support cheaper finance for rooftop solar, home batteries and other energy efficiency upgrades for Australian homes.
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