Synergy posts profit despite revenue loss from solar PV uptake
Despite economic hardship caused by record numbers of solar PV installs that have led to a fall in residential demand, Western Australian state-owned retailer Synergy has posted an after-tax profit of $24.3 million for 2017-18.
Genex gets regulatory nod for Kidston pumped hydro
Sydney-based publicly listed Genex Power has announced it has received a development approval for a 250 MW pumped storage hydro project, as part of its landmark renewable energy hub in far-north Queensland.
Manufacturing MoU inked for 150 MW CSP Aurora project in SA
U.S. firm SolarReserve is moving on its massive solar thermal plant project in South Australia having signed a memorandum of understanding with local outfit Heliostat SA.
Neoen prepares for €450 million IPO
Through the listing on the French stock market, the independent power producer hopes to raise enough capital to increase its renewable energy assets from 2 GW to 5 GW. Impala intends to subscribe to the offering and remain majority shareholder.
Energy policy vacuum beyond 2020 officially confirmed
Energy Minister Angus Taylor has announced there will be no replacement for the renewables target beyond the 2020 target, casting a long shadow over investment predictability in the Australian renewable energy sector.
Emergency power supply vs. full home backup: your questions answered
Solar battery systems should maintain power supply when the grid goes down. Right? Well, it’s not always that simple. A recent pv magazine Australia webinar, hosted in partnership with SMA, was looking into different homeowner needs and ways to install an emergency power or ‘full home backup’ system. Here are the answers to some of the webinar attendee’s questions.
CER: Development pipeline grows with RET at hand
With enough large-scale projects under construction or already built to meet the 2020 Renewable Energy Target, the Clean Energy Regulator keeps tracking the progress across the market, as the development pipeline nears the 9 GW threshold.
Another Facebook data center goes solar
The company data center in Singapore will be provided with solar power by Sembcorp Industries under a 20-year PPA. The required electricity will be generated across 900 rooftop PV systems totaling 50 MW.
Marubeni to double global renewables portfolio in shift from coal
Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.
US: 25% tariffs on Chinese inverters to start on January 1
The final order from the U.S. Trade Representative includes an interim tariff rate of 10% set to start on September 24.
