Strategic Alliances

ElectraNet has announced the successful completion of the South Australian component of Project EnergyConnect, the new high-voltage transmission line between South Australia and New South Wales, marking a significant milestone in Australia’s renewable energy landscape.

Australian renewable energy company Frontier Energy has completed its acquisition of Canadian firm Waroona Energy. The companies own neighbouring large-scale solar projects in Western Australia’s southwest and intend to join forces to create the state’s largest vertically integrated renewable energy hub.

The New South Wales government has formalised its decision to double the size of Australia’s first coordinated renewable energy zone, boosting its capacity to 6 GW of solar, wind and storage in a move designed to better cater for the state’s future energy as it transitions from coal and gas to a renewables-based grid.

The Australian arm of Swedish renewables heavyweight OX2 will develop a new 25 MW solar farm in the New South Wales Riverina district after signing a long-term power purchase agreement with data centre firm AirTrunk and global tech giant Google.

Renewable energy retailer SmartestEnergy Australia and Enel Green Power Australia have signed a long-term offtake agreement for the 93 MW Girgarre Solar Farm being developed in central Victoria.

Electric vehicle charging in Australia and New Zealand has been given a boost with fund manager Pacific Equity Partners acquiring a majority stake in Australian electric vehicle charging solutions provider EVSE to the tune of $250 million (USD 167 million). The partnership also involves PEP-backed smart metering specialist Intellihub.

Philippines-based energy company ACEN Corporation plans to bolster its renewable energy initiatives in Australia after sealing a $75 million green term loan facility that will help fund the delivery of an 8 GW portfolio of solar, wind, battery storage and pumped hydro projects.

Australia’s largest telecommunications provider, Telstra, is a step closer to its goal of enabling renewable energy generation equivalent to 100% of its consumption by 2025 after inking a new 153 GWh solar offtake agreement with Global Power Generation.

Australian clean energy outfit Atmos Renewables is partnering with UK-based Nomad Energy to help develop a renewable energy project pipeline with over 1 GW of capacity in Western Australia by 2030.

Startup Green Gravity has signed a deal with mining company Wollongong Resources to study the application of gravitational energy storage technology at up to eight mining sites in New South Wales.