Sojitz, Eneos Invest in Australia's Largest Solar Plant
Sojitz and Eneos are powering Australia with the launch of the 204MW Edenvale Solar Park. The largest solar power plant in Australia run by Japanese investors, this marks the second large solar power plant the two have jointly invested in as part of their commitment to reducing their reliance on fossil fuels.
Oct 2, 2023 // Plants, Large-Scale, Commercial, Australia, Oceania, PV Power Plant, Sojitz, Eneos
Octopus Pockets USD 160M for Australia Renewables Push
Octopus Investments Australia raises AUD 250 million for its renewable energy fund, OASIS. With contributions from Hostplus, CEFC and Sky Renewables, plus a new investor Rest, total funds raised now stand at AUD 550 million. Octopus manages a platform of assets worth AUD 1 billion.
Sep 5, 2023 // Markets & Finance News, Australia, Oceania, octopus investments
250MW Oz Battery Online: Wärtsilä, AGL Power Grid-Forming Flexibility
AGL Energy and Wärtsilä have completed construction of Australia's second largest battery storage system, the 250MW Torrens Island project, designed to help Australia transition to 100% renewable energy and achieve net-zero emissions. Constructed within 18 months, this collaboration between government, regulatory bodies and private sector proves to be a successful partnership.
Aug 22, 2023 // Storage, Australia, AGL Energy, Oceania, Wärtsilä
BayWa r.e. Shows Commitment to Oz Solar
BayWa r.e. demonstrate their commitment to Australia’s solar industry with the launch of their new solar portfolio. A comprehensive range of solar solutions for all needs.
Aug 16, 2023 // Markets & Finance News, Australia, Oceania, baywa r.e.
Australia's Next Energy Leap: Hysata Giga-Scale Hydrogen Electrolysers
Australian start-up Hysata opens "giga-scale" production plant for world's most efficient electrolyser technology. 95% efficiency rate with 1GW of production annually and major investors, government funding and 9.4GW of orders. Helping the world reach goal of trillion-dollar investment in electrolysers for hard to abate industries.
Aug 14, 2023 // Manufacturing News, Plants, Australia, Oceania, hysata
Neoen Augments Queensland Battery to 270 MW/540 MWh
Tesla and UGL join forces to deliver an extension of the Western Downs Battery project in Queensland, Australia, increasing capacity from 200 MW/400 MWh to 270 MW/540 MWh. Construction to be completed by 2024-2025. Neoen begins construction on Storbötet and Lumivaara wind farms in Finland, total capacity of 161.2 MW.
Jul 28, 2023 // Storage, TESLA, Australia, neoen, Oceania
INPEX Buys 50% Stake of Enel's Australian Renewable Projects
Enel Green Power (EGP) has signed a deal with INPEX Corporation to sell a 50% stake in its Australian subsidiaries for €400 million. The transaction will positively impact EBITDA in 2023 and net debt in the long run. EGPA's portfolio includes solar and wind projects, plus innovative retail and trading solutions. Closing is subject to clearance from authorities.
Jul 13, 2023 // Markets & Finance News, Australia, Oceania, enel green power, INPEX
Rio Tinto, Sumitomo: Hydrogen Pilot to Cut Alumina Refining Emissions
Sumitomo Corporation and Rio Tinto partner with Australian Government's ARENA to build 2.5 MW on-site electrolyzer in Yarwun plant, Gladstone, Australia. This project is expected to reduce CO2 emissions by 3,000 tonnes per year and provide an opportunity for the use of hydrogen in calcination process at scale globally. Construction to begin in 2024 and complete by 2025.
Jul 13, 2023 // Plants, Solar to Fuel, Australia, hydrogen, Oceania, Rio Tinto, Sumitomo Corporation
GSEO Completes Hybrid Solar-Storage Project in Oz
Victory Hill Global Sustainable Energy Opportunities (GSEO) completes phase 2 of the solar and storage hybrid system in Australia with the addition of a 4.95MW two-hour battery energy storage system. GSEO continues to optimize the grid connection for better renewable power availability.
Jul 11, 2023 // Plants, Large-Scale, Storage, Australia, Oceania, Solar Project, GSEO
Aussie Govt: 930MW NSW Firming Tender
The Australian government has announced a Capacity Investment Scheme to increase renewables in New South Wales to 6 GW. The NSW Energy Roadmap's firming tender will increase from 380 MW to 930 MW and bids representing more than 3.3 GW have already been submitted. Final results announced by the end of September, with the next auction to be announced by October in South Australia and Victoria.
Jun 30, 2023 // Markets & Finance News, Australia, tender, Oceania
BlackRock Raises $500M for Oz's Largest Battery
BlackRock has raised $500 million to build the largest grid-scale battery project in the Southern Hemisphere, with 850 megawatts and 1680 megawatt-hours of capacity. Rio Tinto is also increasing demand for battery metals to meet the goals of the Glasgow Climate Pact.
Jun 29, 2023 // Storage, BlackRock, Australia, Oceania
Oz Gold Mine Scores 62MW Clean Energy Contract
Pacific Energy has been awarded a contract to integrate 62MW of clean energy into an existing power system at an Australian gold mine. The hybrid power system will reduce emissions by 50% and feature in-house control systems, BESS, HV Switch Room & PV ring main units. Works start in July 2021, completion in early 2025.
Jun 26, 2023 // Plants, Large-Scale, Commercial, Storage, Australia, Oceania, PV Power Plant, Pacific Energy
Australia's First Grid-Scale VFB: Spencer Energy Commissioned
Yadlamalka Energy has commissioned Australia's first 2-MW/8-MWh vanadium flow battery (VFB) as part of the AUD-22-million Spencer Energy project. With funding from ARENA, the battery will charge from solar energy and off-peak grid imports. A milestone for Australia's energy storage market, Spencer Energy is revolutionising renewable energy technology.
Jun 23, 2023 // Storage, Australia, Oceania, Yadlamalka Energy
Palau's $29m Solar-Storage Puzzle: Solved
DNV has supported Solar Pacific Energy Corporation (SPEC) in a $29 million solar and storage project in Palau. Our expertise ensured the complicated hybrid solar and battery system was successfully installed on Babeldoab island, providing 20% of Palau's energy needs. SPEC now looks forward to more projects with DNV in the Asia Pacific region.
Jun 22, 2023 // Storage, USA, Oceania, North America, dnv, Palau
Acen Ready To Develop Largest Battery Storage Project In Australia
The 1400 MW, 2.8 GWh storage project will supply 2 hours of backup storage to the NSW grid.
May 31, 2023 // Plants, Australia, Oceania, ACEN