Neoen founder, Direct Energie, set to be acquired by Total
The French oil group, which is the parent company of U.S. solar manufacturer SunPower, is set to acquire a 74.33% stake in France’s third largest electric utility Direct Energie. Prominent Australian renewable developer and IPP Neoen was established by Direct Energie in 2008, although it will not be affected by the transaction and will continue to remain “totally independent”.
ABB supplies 30 MW battery, microgrid to the Pilbara
Swiss electricity infrastructure giant ABB has supplied a large battery storage and microgrid solution to Western Australia’s Pilbara region. The system was installed at Alinta Energy’s 178 MW gas-fired Newman Power Station, which supplies a major iron-ore mine in the mineral-rich region.
Neoen Australia urges caution over Hornsdale battery profitability
While the Hornsdale Power Reserve “is doing its job” and is performing as expected, owner Neoen has urged market observers not jump to conclusions as to its profitability based on its arbitrage trading over the short term.
