The Independent Planning Commission has approved a $94 million solar project near Gunnedah in New South Wales, under some added conditions.
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.
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.
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?”
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 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.
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).
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.
Walcha Energy – a joint venture between Australian developers Energy Estate and Mirus Wind – has lodged the scoping report with the NSW planning authorities for a 700 MW solar farm, a 100MW/150MWh battery and its plans for a renewable energy hub at Uralla.
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