NSW invests $1 billion to boost energy storage and infrastructure upgrades
The New South Wales government will channel up to $1 billion into large-scale and community batteries, pumped hydro, and virtual power plants as it seeks to ramp up investment in renewable energy generation and storage projects to support the state’s shift from coal-fired generation.
Global utility-scale solar additions hit 182 GW in 2024
Utility-scale solar installations reached 182 GW (AC) in 2024, with the top 33 countries now accounting for 765 GW, or roughly 93% of the global total, according to Wiki-Solar.
Tax incentives for green hydrogen, critical minerals pass Senate
Billions of dollars in tax breaks for green hydrogen production and critical minerals processing are set to be unlocked from 2027 after a key pillar of the federal government’s Future Made in Australia plan was waved through the Senate.
BJEI Australia’s planned 1 GW solar acquisition in doubt
Chinese state-owned company Beijing Energy International has reportedly abandoned its bid to acquire a more than 1 GW package of Australian solar farms after failing to secure approval from the Foreign Investment Review Board.
EDP Renewables plans multiple solar and storage sites for inland city
Plans to build three “town-scale” solar plants and battery energy storage systems in the central western New South Wales city of Orange have been submitted to the local council by the Australian arm of Singapore-headquartered developer EDP Renewables.
Queensland ends support for 3 GW green hydrogen project
Plans to develop a 2.88 GW green hydrogen production facility near Gladstone on the central Queensland coast are in serious doubt after the state government announced it will not commit funding to the $12.4 billion project.
Modo Energy forecasts big future for NEM battery fleet
Australia’s grid-scale battery fleet is forecast to grow rapidly in the next three years with market analytics platform Modo Energy revealing 16.8 GW / 42.8 GWh of battery energy storage projects are in the pipeline in the National Electricity Market through to 2027.
TotalEnergies seeks green tick for 320 MW solar and battery project
French energy company TotalEnergies is seeking Australian government approval to develop a 320 MW solar farm and 320 MW / 780 MWh battery energy storage system in the New England region of New South Wales.
Global clean energy investment hit $3.41 trillion in 2024, says BNEF
BloombergNEF says in a new report that global clean energy investment reached $2.1 trillion in 2024, more than doubling 2020 levels. The United States led energy transition debt issuance, driving up investment 5% year on year to $334 billion.
Future clean energy investments stalled by outdated national electricity market
Clean Energy Investor Group research finds the national electricity market is an outdated design – built for an era of coal and gas – and hinders investment in modern large-scale energy projects like wind, solar, and batteries.
