New South Wales is a step closer to adding another big battery to its network with Greenspot securing planning approval from state government authorities for a massive 500 MW/1,000 MWh grid-connected battery to be developed at the site of the defunct coal-fired Wallerawang Power Station near Lithgow.
The Australian Capital Territory government has unveiled plans to phase out the use of fossil gas by 2045 at the latest and move the market towards a net zero emissions future by “electrifying Canberra with renewable electricity over the next two decades”.
New South Wales has given the green light for another large-scale solar PV and battery project with German-owned renewable energy developer Wirsol Energy announcing it has secured amended development approval for a 445 MW solar and energy storage hybrid power plant in the state’s central west.
New legislation to enshrine Australia’s 2030 and 2050 emissions reduction targets into law has cleared the first hurdle with the Federal Government’s climate change bill passing through the parliament’s lower house.
Just days after Genex Power rejected a proposed $300 million takeover offer, claiming it undervalues the company, the developer’s 50 MW Kidston Solar Farm has once again been ranked Australia’s best performing large-scale PV asset.
After a decade of climate policy failure, Wednesday brought good news and slightly less good news for Australian action on climate change.
The latest modelling from Bloomberg senior clean energy analyst Rob Barnett indicates a 30% increase in global PV deployment this year, and double-digit growth through 2025.
Malaysia’s largest electricity provider Tenaga Nasional Berhad has announced plans to fast track the closure of its coal-fired power plants to hasten the transition of its generation fleet from fossil fuels to renewable sources including large-scale solar PV and green hydrogen.
French company Neoen has seen its storage revenue “more than tripled” as a result of its recently commissioned Victorian Big Battery coupled with Australia’s energy crisis. In other news, the company signed a 10 year power offtake agreement with Flow Power for its “flagship” Goyder Renewables Zone project in South Australia.
Australian mining technology company TNG Limited, which owns the world’s most advanced vanadium project – the Mount Peake Project in the Northern Territory, is having its leadership team formally challenged by a shareholder campaign criticising the project’s setbacks and slow progression.
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