400 MW first stage of New England Solar Farm reaches financial close
Debt financing services from Bank of China, Commonwealth Bank of Australia, and Westpac, have brought the first 400 MW stage of the New England Solar Farm to financial close, a massive milestone for massive hybrid project.
Distributed and large-scale renewables improve reliability outlook for Australia’s main grid
The reliability of Australia’s power supply has improved driven by the addition of new solar and wind capacity, making summer blackouts less likely, the Australian Energy Market Operator finds in its latest report. In light of the aging coal fleet and scheduled plant closures, timely commissioning of new generation, storage and transmission investment will be critical.
NSW amends laws to pave the way for rooftop solar and big batteries
The New South Wales government has amended legislation to allow for larger-scale solar systems to be installed on homes and commercial buildings without council approval and to facilitate the installation of utility-scale batteries.
NSW utility-scale battery pipeline takes shape under government funding program
Among 31 dispatchable electricity projects unveiled this week under the NSW Emerging Energy Program, utility-scale battery storage accounted for a bulk of proposals. Four big batteries have been awarded funds for pre-investment studies, and another ten have been shortlisted for capital funding.
2GW of storage projects to benefit from NSW Emerging Energy Program
Pumped hydro and battery-storage projects took the lion’s share of feasibility-study grants today awarded under the NSW Emerging Energy Program. Alongside VPP proposals, they feature also in the shortlist of 21 projects now in the running for capital funding.
NSW launches energy transition program to propel large-scale renewables, storage
Looking to set the direction for a smart energy future, the New South Wales government has launched the Emerging Energy Program. As part of the scheme, funding will be provided to support the commercialization of new low-emissions, large-scale power generation and storage projects, as well as underpin feasibility studies to help get new projects off the ground.
