Oceania

Lightsource bp, the solar arm of oil major BP, is proposing to build an ‘agrisolar’ project in the Upper Hunter region big enough to provide 4% of New South Wales’ (NSW) electricity demand.

The Australian Renewable Energy Agency has announced $40 million in research and development funding is up for grabs across two streams. Stream 1 consists of cells and modules, and Stream 2 is focused on balance of system along with operations and maintenance. It is hoped the additional funding will spur Australia’s pioneering solar research to push for the federal government’s “ultra low-cost solar” target of $15/MWh.

Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonise its refining and smelting operations in Australia.

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (AUD$187 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

Hydrogen is frequently touted as a major player in decarbonisation, and it is. But it will only be used at scale much later, and at a much lower level than solar and wind.

French renewable developer IPP Neoen announced the completion of its Bulgana wind-plus-storage project in the Australian state of Victoria. Having now installed more than 650MW of large-scale solar, wind, and battery storage in the state, the developer has pointed to its “well balanced” renewable portfolio in Victoria including an additional 2GW of projects in the pipeline.

The Australian Renewable Energy Agency has announced a $100 million competitive funding round for grid scale batteries. While battery technology agnostic, the projects must be equipped with advanced inverter technology.

Australia’s largest roof-mounted solar PV system – featuring an incredible 27,000 panels spread across almost 8 hectares of rooftop – is nearing completion with the massive 10 MWdc system set to commence operation this week.

The Australian clean energy arm of the world’s largest zinc, lead, and silver producer has snapped up Sydney-based renewable energy developer Epuron in a deal that will give it access to a potential 9 GW of wind and solar PV generation.

Following approval from the Foreign Investment Review Board in November, the long-awaited sale of grid-operator Spark Infrastructure to a North American consortium led by private equity giant Kohlberg Kravis Roberts has been completed via a $5.2 billion “all-cash transaction”.