Photon Energy sells 25% stake in NSW solar project to Canadian Solar
Chinese module maker and project developer Canadian Solar has acquired another 25% share in the 189 MWp Suntop Solar Farm from Photon Energy and increased its stake to 76%. The balance of shares is held by Sydney-based Polpo Investment.
Jemena gearing up to make NSW gas network greener in five-year trial
Energy infrastructure company Jemena has confirmed the purchase of New South Wales’ first electrolyser which will utilise renewable energy to produce green gas for cooking, heating and hot water in homes and businesses.
NSW waves through hotly contested 110 MW solar farm near Gunnedah
The Independent Planning Commission has approved a $94 million solar project near Gunnedah in New South Wales, under some added conditions.
Kellogg’s inks solar offtake deal to power cereal production in NSW
All of Kellogg’s energy requirements for its NSW manufacturing operations will come from solar power. The cereal manufacturer has signed a power purchase agreement with the Beryl Solar Farm for the next seven-and-a-half years.
FRV achieves financial close on 68 MW solar project in NSW
Fotowatio Renewable Ventures (FRV) has secured financing for the 67.8 MW Goonumbla Solar Farm in New South Wales. The Spanish developer inked a power purchase agreement for the project with Snowy Hydro last year.
NSW Parliament launch inquiry into the sustainability of its energy future
The New South Wales Legislative Assembly’s Committee on Environment and Planning has launched an inquiry into the future sustainability of the state’s energy supply and resources. The question being asked: “What does the future of energy look like in NSW?”
Smart meter time of use pricing to drive up household energy costs without the help of solar and batteries
New research released this week by The Australia Institute shows that ‘time of use pricing’ (ToU) facilitated by smart meters is likely to drive up household energy costs by $429 a year on top of already high prices. Analysis of national electricity market data suggests that demand for electricity in Australia is very inelastic, which makes ToU more likely to increase the profits of electricity companies than to assist consumers. Households with solar PV and batteries, however, are best suited to cope with this type of pricing.
The NSW Government’s Empowering Homes program set for summer go-ahead
The new NSW Berejiklian Governmenthas followed through on the pre-election promisefor interest-free loans for battery and solar-battery systems, with installations expected to begin this summer 2019/2020.
Genex Power release massive single tranche of shares to raise equity for Jemalong Solar Project
After requesting a trading halt with the ASX on their securities, Genex Power Limited (‘GNZ’) has announced a single tranche placement of approximately $16.2 million via the issue of 67, 482, 878 shares, in order to fund the equity requirements for the Jemalong Solar Project (JSP).
NSW readies to launch interest-free solar battery loan program
The Berejiklian government is gearing up to deliver on its election pledge and roll out interest-free loans for home battery systems. The program holds the promise to help up to 300,000 households save hundreds of dollars on their power bills.
