Malaysia’s Energy Commission has launched an open tender seeking 2 GW of large-scale solar projects with capacities ranging from 10 MW to 500 MW to support the nation’s clean energy transition.
One of Australia’s biggest battery energy storage projects is preparing to plug into Victoria’s electricity grid with two 335 tonne transformers now in place at the 1.6 GWh Melbourne Renewable Energy Hub.
Australia-based critical minerals miner Ioneer has been tapped to help strengthen America’s battery supply chain, securing a $1.6 billion loan from the US Department of Energy to develop a lithium and boron project in Nevada.
The Australian government has announced a $2 billion investment designed to accelerate the decarbonisation of the nation’s aluminium smelters, encouraging them to switch from fossil fuels to renewable electricity within the next decade.
West Australian energy company Powerhouse has completed the install of a 60 kVA, off-grid solar array in the state’s far north, to power a remote electric vehicle charger as part of the 7,000 kilometre long WAEV Network project.
The Clean Energy Finance Corporation has invested $100 million in the property development strategy of France-headquartered investment firm AXA IM Alts, which aims to embed sustainability into their Australian builds.
Big BESS is booming in Australia, with almost 5 GW of projects under construction last year, according Rystad Energy. While encouraging, the analyst reports that the volume remains insufficient to overcome growing rates of renewable curtailment. “We have around 3 GW operational at the moment, but about half of that is still in commissioning. So you still only have 1.5 GW on the market where the average load is 23 GW,” Rystad Energy’s David Dixon said.
Plans to build a new electricity transmission link between Tasmania and mainland Australia have progressed with Marinus Link Pty Ltd lodging a development application for a converter station to be built in Tasmania’s northwest.
Solar and wind are being installed at a rate that is three times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity.
Owners of rooftop solar arrays in Victoria could soon get almost nothing for exporting their excess power into the grid with the Essential Services Commission releasing a draft decision that would slash payments in response to the rapid uptake of the technology.
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