Renewable energy retailer SmartestEnergy Australia and Enel Green Power Australia have signed a long-term offtake agreement for the 93 MW Girgarre Solar Farm being developed in central Victoria.
Electric vehicle charging in Australia and New Zealand has been given a boost with fund manager Pacific Equity Partners acquiring a majority stake in Australian electric vehicle charging solutions provider EVSE to the tune of $250 million (USD 167 million). The partnership also involves PEP-backed smart metering specialist Intellihub.
The Capacity Investment Scheme South Australia-Victoria tender is now open for bids. Renewable energy storage projects must be located in either of the states and have a minimum storage duration of two hours and a minimum size of 30 MW.
Solar developer Lightsource bp has declared that proceeds from the sale of five utility scale PV projects in Australia with a combined capacity of more than 1 GW will be used to fast track the development of a pipeline of projects across the wider Asia Pacific region.
Construction of Perth-based minerals company Australian Vanadium Limited’s first commercial vanadium battery electrolyte manufacturing plant has been successfully completed as part of the company’s broader value-adding vision.
Solar technology manufacturing heavyweight Trina Solar has secured conditional development approval from the New South Wales government for a 200 MW solar farm to be developed in the state’s southeast.
The New South Wales government has released the design of a proposed new plan that would give Australia’s energy ministers the power to direct coal-fired and other generators to continue operations if the capacity is deemed necessary to maintain grid reliability and security.
Australia’s first electric excavator has been deployed at a mine site in Western Australia’s Pilbara while a trial of what is claimed to be the world’s largest battery-electric underground mining truck continues in the state’s Goldfields region.
Australia’s coal power stations will all close in 2038 – five years earlier than previously expected – and variable renewable energy capacity will need to triple by 2030 and increase sevenfold by 2050.
Australia’s independent energy markets and power systems operator has warned urgent investment in generation, firming and transmission is needed with forecasts showing the National Electricity Market needs to almost triple its installed capacity in less than 30 years.
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