ACEN to boost Australian renewables projects with new investment
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.
Florence machine resumes tunnelling on Snowy 2.0 pumped hydro project
Tunnelling has restarted on a troubled section of the largest renewable energy project under construction in Australia after the New South Wales government issued new environmental approvals to Snowy Hydro.
EnergyAustralia pushes ahead with 335 MW pumped hydro project
EnergyAustralia has released the concept design for a 335 MW pumped hydro energy storage and generation project it plans to develop at Lake Lyell near Lithgow in central western New South Wales.
Queensland Hydro heads underground with 48 GWh pumped hydro project
The Queensland government’s proposed 2 GW/48 GWh Borumba pumped hydro energy storage project continues to power ahead with a call for expressions of interest for underground works.
Queensland launches early works on 2 GW pumped hydro project
One of Queensland’s largest clean energy projects has reached a new milestone with exploratory works and detailed site investigations commencing for the proposed 2 GW Borumba Dam pumped hydro project being developed near Gympie in the state’s southeast.
BHP signs renewable PPA for Queensland coal mines
Australia’s biggest coal miner has inked a major renewable energy deal that will utilise solar, wind and pumped hydro to provide about half the forecasted electricity demand of its central Queensland operations.
Snowy Hydro plans contract reset amid $12 billion cost blowout
Snowy Hydro has revealed the budget for the Snowy 2.0 project has blown out to $12 billion (USD 7.8 billion) and the giant pumped hydro storage project is now expected to commence operations seven years later than originally scheduled.
Genex reaches construction milestone on 2 GWh pumped hydro project
The first pumped hydro energy storage project to be delivered in Australia in 40 years is on track for energisation in 2024 with developer Genex Power announcing that the Kidston pumped hydro project is now more than halfway through construction.
Battery capacity overtakes pumped hydro in NEM
The energisation of two new battery projects totalling a combined 150 MW has seen the charging capacity from grid-scale battery energy storage systems surpass that of pumped hydro in Australia’s national grid.
Atco applies brake to 2,600 MWh pumped hydro project
A 325 MW/2,600 MWh pumped hydro project planned for the New South Wales central west faces an indefinite delay with developer Atco announcing it will hold off on the next stage of the regulatory approvals process until the state government’s policy frameworks “are close to being able to support financial investment decisions for large-scale infrastructure.”
