‘Pretty crazy’: Queensland’s solar + storage payback periods plunge
Solar payback periods worsened in Australia between 2020 and 2022, but have now turned a corner, data from analyst Sunwiz illustrates. Queensland has seen the most remarkable journey, with payback periods for residential solar and storage falling from 10 to 6.6 years within 12 months.
600 MW solar farm in Central Queensland finally secures approval
Developer Edify Energy has had its 600 MW Smoky Creek solar farm in Central Queensland approved by the federal government.
Japanese-owned 204 MW solar park commissioned in Queensland
The 204 MW Edenvale Solar Park near Chinchilla, in the Western Downs region of Queensland, has officially been opened by joint owners Eneos, Japan’s biggest oil refiner, and Sojitz, a Tokyo-based trading house. According to the pair, Edenvale is the largest solar project in Australia to be undertaken by Japanese companies.
QPM advances financing for $2.1 billion battery materials plant
Queensland Pacific Metals has upgraded the focus of its finance strategy as it works towards a final investment decision for the $2.1 billion (USD 1.35 billion) fully approved battery materials project being developed near Townsville in northern Queensland.
Telstra signs offtake deal with 120 MW Queensland solar farm
Australian communications giant Telstra has signed a power purchase agreement that will support the development of the 120 MW Munna Solar Farm being built near Gympie in southeast Queensland.
Works packages released for $5 billion transmission project
Queensland network operator Powerlink has released 40 works packages for suppliers to express their interest in working on the CopperString transmission link that is to stretch across the state’s north, helping to unlock large-scale solar and wind investment along with large deposits of minerals key to the energy transition.
Tesla Megapack on fire at Bouldercombe big battery in Queensland
A fire that erupted on Tuesday night in one of the Tesla Megapack 2.0 battery units of the Bouldercombe battery facility in Queensland continues to burn under the supervision of emergency services.
Queensland’s CleanCo opens EOIs for 1.2 GW clean energy hub near Brisbane
Queensland’s CleanCo has opened expressions of interest to renewables projects wanting to participate in the transformation of its former coal-fired Swanbank power precinct to a clean energy hub.
BHP signs renewable PPA for Queensland coal mines
Australia’s biggest coal miner has inked a major renewable energy deal that will utilise solar, wind and pumped hydro to provide about half the forecasted electricity demand of its central Queensland operations.
AEMC proposes raising price caps to ensure market reliability over energy transition
The Australian Energy Market Commission (AEMC) has proposed increasing price caps on the country’s main electricity market. This is meant to allow investors to respond to fill gaps created by ageing coal generation.
