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Transport emissions returning to pre-Covid highs
New research from the Australia Institute’s (TAI) climate and energy program shows that while the Covid pandemic provided a brief respite from some fossil fuel emissions, in sectors like transport — which lacks any climate-abatement policy — emissions are quickly rising back to pre-pandemic heights.
Large Battery to support renewable energy and keep ‘lights on’ in Hunter
A first of its kind, a 28 MW Battery Energy Storage System (BESS) being developed by Precinct Capital and Edify Energy will help keep the lights on in Newcastle and support renewable energy zone ambitions for the Hunter region.
SMA Australia closes out a record year of large-scale solar project sale
The transition to renewable energy in Australia continued to move forward in 2020. Numerous large-scale solar projects have been installed and are contributing to a sustainable and secure power supply.
Taqa announces financial closing for the world’s largest solar power plant
A 2 GW solar power plant in Al Dhafra received financing from seven international banks, with Taqa to own 40% of project, and Masdar, EDF Renewables and JinkoPower to own 20% each, with EWEC as procurer.
ESCO Pacific sells shovel-ready PPA-backed 110 MWp Moura Solar Farm (QLD)
ESCO Pacific is pleased to announce it has completed the sale of its Moura Solar Farm (QLD) with European investor Mytilineos SA (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US). The Moura Solar Farm is backed by a long term PPA and is shovel-ready with a committed grid connection. Construction activities will commence shortly.
Risen obtains project financing from DEG
Lately, Risen has successfully finished all the CPs to the first disbursement and successfully reached the financial close of the Project Financing of the 73MWp solar project in Cambodia, Risen Energy has signed a $45 million long-term Debt Financing with DEG and ICCF (The Interact Climate Change Facility, a company incorporated as “Societe Anonyme” owned by the French Development Agency (AFD), the European Investment Bank and eleven European Development Finance Institutions).
8 Star Energy appoints first chief marketing officer
After an extensive and swift recruitment process, 8 Star Energy has appointed Diana Di Cecco as their new Chief Marketing Officer, rounding out the expansion of their Executive Team. In a concerted effort to enhance their sales and marketing offering, Di Cecco’s broad remit includes, but is not limited to, strategy, brand development, public relations, GTM execution, innovation, and growth, in addition to governance and business planning. Based in Melbourne, Australia, she commenced her role in late November 2020.
Q Cells completes acquisition of Geli
Combined capabilities will provide C&I customers with integrated PV + EMS + ESS solutions for optimised business velocity, efficiency, and confidence, resulting in maximised project value and revenue potential
Cleantech Solar completes four solar rooftop projects for Cargill Thailand
Four operating sites are expected to generate over 3,000 MWh of clean electricity in a year; equivalent to reducing 1,750 tonnes of CO2
Options paper paves the way to better integrate batteries
An Australian Energy Market Commission (AEMC) paper outlines options to better integrate storage such as batteries into the power system.
