CEFC steps up to finance 70 MW Oakey 2 project
The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.
Construction begins on Australia’s first hybrid solar+wind+storage plant in Queensland
Ground was broken on the 60 MW project in a ceremony held on Monday. Developer Windlab limited says it expects the $160 million project to be completed in late 2018.
Redflow targets 250 batteries per month from Thai facility
Zinc-bromide flow battery produced Redflow has announced that it is targeting production of 3,000 batteries a month from its new production facility in Thailand. Operation at the site is slated to begin by the end of 2017.
ING steps into Australian market, to finance 100 MW Clare Solar Farm
ING has joined the banking syndicate backing the 100 MW Clare Solar Farm, in North Queensland. The deal marks ING’s first large scale solar investment in Australia.
Queensland to offer no-interest loans for solar systems
As part of the $2 billion affordable energy plan, the Queensland Government has announced it will invest $40 million in schemes to improve access to both solar energy and storage systems.
RES reaches financial close on 68 MW PV plant in Queensland
RES Australia has announced financial close on the Emerald Solar Park, a 68 MW PV project to be located in the Central Highlands region of Queensland. The project is the first in Australia to be supported by a PPA with a corporate off-taker.
CEFC provides debt finance for Australia’s first wind+solar+storage array
The Clean Energy Finance Corporation will provide $94 million as the sole debt financier of Australia’s first co-developed wind, solar and storage array. The 60 MW Kennedy Energy Park is being developed by Windlab and Eurus Energy and will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage.
Queensland receives huge response to 400 MW renewables and 100 MW storage tender
The tender was part of a raft of announcements, including confirmation of a commitment to source 50% of its electricity from renewables by 2030. Queensland is fast emerging as a large scale solar hotspot, with hundreds of megawatts either having reached financial close or currently under construction.
UK’s Foresight to acquire 117 MW Australian PV from Canadian Solar
British firm to invest $64 million to acquire assets being developed in Queensland by Canadian Solar.
CS Energy signs PPA for 60 MW Australian PV+storage+wind hybrid energy park
The $150 million agreement between the government-owned CS Energy and the Kennedy Energy Park marks yet another positive step for Australia as as hybrid large scale solutions move into the market.
