Renascor finalises $15m capital raise, on track to be world’s first battery-grade graphite producer outside of China
South Australian company Renascor Resources this morning confirmed it had raised $15 million from institutional investors in Australia and abroad, enough to fund its Siviour Battery Anode Material Project up to the construction phase. The project is on track to become the world’s first integrated mine and purified spherical graphite operation outside of China.
Hydrogen plant in SA would already return millions in profit, research finds
A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.
SA’s $1.08 billion deal with the Feds to produce more gas!
Australia’s most renewable state has signed a joint funding deal with the Commonwealth Government that hypes gas production, and downplays its considerable renewable-energy benefits.
South Australia unveils new export limits for rooftop solar
South Australia’s electricity distributor SA Power Networks has announced plans to introduce new ‘flexible’ export limits for rooftop solar PV in some areas of the state in a bid to manage the growing amount of distributed energy resources and associated network congestion.
AEMC hands down final decision on cashflow rule change
The Australian Energy Market Commission has again rejected requests from transmission network operators TransGrid and ElectraNet to allow for a change of rules governing financing arrangements for large-scale transmission projects considered critical for Australia’s shift to 100% renewables.
‘Largest rooftop solar farm in Australia’ part of CEP.Energy battery project
Green energy fund CEP.Energy has unveiled plans to construct Australia’s largest rooftop solar farm and a new grid-scale battery on the outskirts of Adelaide as part of its ambition to build 1.5 GW of solar and 2 GW of big battery capacity around Australia.
The race that stores the nation – AGL green lights 250 MW Torrens Island battery
AGL’s nose pushes in front in the race that stores the nation with the announcement that construction on its 250 MW one-hour-duration battery at the site of its Torrens Island power station in South Australia is now underway. The announcement follows directly on from AGL having lodged a planning application for a 200 MW battery at its Loy Yang power station in Victoria.
Two new solar farms connected to grid as MPower pursues niche market
Renewable energy developer MPower has reaffirmed its affinity for smaller utility-scale solar PV projects by successfully connecting two 5 MWac solar farms to the National Electricity Market (NEM) in South Australia in recent days.
SA Labor unveils $590 million green hydrogen initiative
South Australian Labor has unveiled plans for a $590 million renewable hydrogen initiative, including 250 MWe of hydrogen electrolyser facilities as part of its campaign to win power at the March 2022 state election.
Down 55% – but not out
Over 2,000 MW – or around 55% – of South Australia’s firm supply capacity was unavailable on March 12, 2021, along with virtually all of its large-scale renewable supply (a further 1,800 MW or so) but the lights stayed on – just.
