solar au

Record investment in solar and wind farms across the National Electricity Market has helped to quell concerns that Victoria and South Australia will face increased risk of blackouts later this decade following the impending closure of the Yallourn coal-fired power plant.

An expected drop-off in the performance of its Australian battery energy storage assets has sparked a $24 million (€15.6 million) downturn in consolidated revenue for French renewables developer Neoen.

Australia’s only solar module manufacturer Tindo Solar has unveiled a new generation 400 W module for the domestic and export markets as the Adelaide-based company rides a wave of success that has delivered a 40% increase in retail orders and 70% rise in wholesale orders in the past 12 months.

Australia’s largest energy retailer AGL is forging ahead with its strategy to convert the 1,680 MW Liddell Power Station site into a renewable energy hub, announcing on Friday it has commenced transition planning in preparation for the ageing coal-fired power plant’s closure in 2022-2023.

The proposed 35 MW Darwin big battery has received a major financial boost with the Federal Government announcing it will provide $15 million for the project as part of a $30 million funding injection for electricity infrastructure initiatives in the Northern Territory.

A Victorian solar PV company which swindled thousands of customers out of millions of dollars has been fined a massive $3 million while its sole director has been slapped with a $450,000 penalty and disqualified from being a director of any company for five years.

Australia’s national science agency has identified a potential $3.1 billion industry that is there for the taking with the increasing penetration of renewables in grids nationwide sparking substantial growth in the battery energy storage sector.

While Treasurer Josh Frydenberg is putting the finishing touches on the Federal Budget, the Northern Territory Government has already rolled out its 2021-22 Budget and solar PV and battery storage are among its spending priorities with an extra $4.8 million invested in existing renewable energy schemes.

Solar infrastructure business New Energy Solar remains committed to offloading its Australian assets, confirming the sale of its 87 MW Beryl and 47 MW Manildra solar farms in central west New South Wales is “progressing well”.

SCA Property Group has revealed plans to commence installing solar PV energy systems on the rooftops of some of its $3.5 billion shopping centre portfolio as it looks to establish itself as one of the biggest renewable energy generators in the Australian retail property sector.