ARENA grants $1.9 million for distributed energy trials in WA
Western Australia’s electricity provider Horizon Power is set to receive a financial shot in the arm to install various distributed energy technologies in 90 homes and businesses in the coastal town of Carnarvon, which is home to the state’s first utility-scale energy storage, currently under trial.
Carmichael coal mine failure could bring down Adani Enterprises
While known in the global solar sector as an Indian PV leader, if Adani Enterprises’ proposed Carmichael coal mine fails so too could the company. Analyst Tim Buckley says that if the coal mega project cannot be financed and has to be written off or sold cheaply, the company’s debt would be three times larger than the value of its assets.
Australian Solar Council warns of risk to commercial STCs
The peak solar body has warned that the Australian Federal Government is planning to abolish STCs for commercial solar projects – threatening one of the fastest growing market segments.
CEFC to finance first unsubsidized utility scale battery
The Clean Energy Finance Corporation (CEFC) will provide $150 million in debt finance for the 212 MW Lincoln Gap wind farm. The project will include a utility scale battery system capable of provider 10 MWh of ‘fast response’ storage capacity.
First sonnenFlat system installed in New South Wales
The first sonnen system to be installed in Australia under the sonnenFlat pricing structure will save the family $2,000 on their electricity bills. Installer Natural Solar made the claim on Friday, when announcing the landmark system.
Western Australia: Synergy reported to partner with Dutch fund to meet its RE obligations
Following hot on the heels of the WA energy minister’s approval to create a green power fund, the state-owned electricity provider is reportedly set to bring in a Dutch fund as an investment partner for its renewable energy projects.
Queensland: Gympie council grants permission for 350 MW solar farm
A massive solar farm in the north-east Australian state of Queensland has received a green light from the Gympie Regional Council. The project aims to scale up to 800 MW of solar+storage capacity over the next four years.
Redflow targets 250 batteries per month from Thai facility
Zinc-bromide flow battery produced Redflow has announced that it is targeting production of 3,000 batteries a month from its new production facility in Thailand. Operation at the site is slated to begin by the end of 2017.
ING steps into Australian market, to finance 100 MW Clare Solar Farm
ING has joined the banking syndicate backing the 100 MW Clare Solar Farm, in North Queensland. The deal marks ING’s first large scale solar investment in Australia.
Sterling & Wilson picks up 500 MW Australian pipeline
Indian EPC Sterling & Wilson continues to expand its Australian project pipeline. The EPC reports that it is working on projects worth a total of $600 million.
