Corporate clean energy PPAs to smash last year’s record: BloombergNEF
Power purchase agreements for 8.6 GW of clean energy have been signed in 2019 till July—up from 7.2 GW at the same time last year—with USA alone accounting for up to 70% of the deals. India continues to lead the Asia Pacific region despite registering a slowdown in the activity – almost almost twice as much as the volume recorded in Australia.
UPC/AC Renewables invest in 550 MW of pumped hydro and solar in South Australia
AC Renewables, the energy arm of Philippines’ Ayala Corp, and Australia’s UPC Renewables have agreed to buy 51% in a 250 MW pumped hydro project and a neighboring 300 MW solar project, both located in South Australia.
Battery start-up RedEarth raises funding to cater to local demand
The Brisbane-based energy storage manufacturer has raised $4.75 million in Series A funding from the Queensland Government Business Development Fund and Australian institutional and family investors.
Victoria introduces legislation to boost VRET to 50% by 2030
The Andrews Labor Government is delivering on last year’s election promise to boost renewable energy in Victoria and is seeking to legislate increasing its renewable energy target to 50% by 2030.
A close look at nature could lead to cheaper hydrogen
Scientists at the Australia National University have observed a key stage in the process of photosynthesis which could be copied to greatly increase the efficiency of sunlight-powered water splitting processes used to produce hydrogen.
Community solar to take Victoria town to 100% renewables
A 1.6 MW community solar farm will support the Victorian town of Natimuk to reach its target of being 100% powered by renewable energy. The project is underpinned by state government funding.
Ib vogt launches EPC works on 109 MW NSW solar project
The German developer and EPC contractor has reached the final development milestone on a solar and battery project in the Riverina region and moved into construction phase.
Solar-powered furniture offers off-grid connection
South Australian outdoor furniture brand Sedi has developed bespoke benches and shelter options for smart cities and regional areas.
Australia’s biggest behind-the-meter energy storage officially launched
Victoria’s Monash University has unveiled the nation’s largest hybrid battery storage system as part of a microgrid that will cover 100% of power needs at its biggest campus with renewable energy.
AEMO: Demand down thanks to rooftop PV, coal generator outages up
The growing share of rooftop solar had a significant impact on Australia’s main grid in the latest quarter, both in terms of reducing operational demand and emissions intensity, the Australian Energy Market Operator (AEMO) said. Looking ahead, AEMO is seeking to procure off-market emergency reserves to help protect the grid from potential summer blackouts the upcoming summer, as coal generator outages grow in frequency.
