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Singapore's Vena Energy Powers Up 53-MW Solar Project in Japan
in Taiwan in April and added 562 MW across 10 projects in Japan, Taiwan, and Australia last year, bringing its total operating capacity to 2.7 GW. What Financing
Jun 14, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, Asia, Singapore, PV Power Plant, Vena Energy, Solar Project
OCTO+CEFC: 350MW Solar Park & Storage
New South Wales government in Australia has approved the construction of the Blind Creek Solar Farm, a 350-MW solar park with a 300MW/600MWh battery storage
Aug 1, 2023 // Plants, Storage, CEFC, PV Power Plant, Octopus
Pacific Blue boosts S Australian wind farm with 60-MW battery
Australian renewable power producer Pacific Blue is constructing a 60-MW battery at its wind farm in South Australia, providing 130 MWh of energy storage capacity. The project, located next to the existing Clements Gap wind farm, is estimated to cost over AUD 100 million and is expected to be operational by early 2026. The battery will support grid stability by storing excess power and discharging it during peak demand periods.The Clements Gap wind farm, with 27 turbines, has been generating electricity since 2010. Pacific Blue, owned by Chinese group SPIC, currently has 665 MW of installed renewable capacity and over 2.5 GW of renewable and energy storage projects in development. The new battery system will enhance the company's renewable energy portfolio and contribute to the transition towards cleaner energy sources in Australia. What is the capacity of Pacific Blue's new battery at its South Australian wind farm? The capacity of Pacific Blue's new battery at its South Australian wind farm is 130 MWh. The battery will have a power output of 60 MW. The project is estimated to cost over AUD 100 million. The battery is expected to be operational by early 2026. The battery will support grid stability by storing excess power and discharging it during peak demand periods.
Jun 13, 2024 // Storage, Australia, Oceania, Pacific Blue
Rio Tinto partners with Ngarluma for 80-MW solar project
Tinto is developing an 80-MW solar project in Western Australia to power its iron ore mining operations. The project is a collaboration with the Ngarluma Aboriginal
Jul 16, 2024 // Plants, Large-Scale, Commercial, PV Power Plant, Rio Tinto, Ngarluma
Australian JV to Build Country's Largest Privately Funded Battery
Green Investment Group (GIG), as well as Fluence have partnered to deliver Australia's largest privately-funded and also had utility-scale battery. The project
Dec 2, 2021 // Storage, Australia, Engie, Oceania, Fluence, GIG, Greg Callman, Aaron McCann, Augustin Honorat, Hazelwood Power Station, Macquarie’s Green Investment Group
Neoen H1 earnings jump as IPP closes in on 5GW portfolio target
after its functional battery devices pertained to the rescue in Southern Australia. The IPP commissioned 239MW of brand-new renewables projects in the very
Jul 29, 2020 // Markets & Finance News, ENERGY STORAGE, UTILITY-SCALE SOLAR, IPP, neoen, Xavier Barbaro
2020 was best year yet for utility-scale solar
momentum in the USA, Spain and Australia were major factors, while China and India had a relatively quieter year. The leading 3 nations in collective
Apr 8, 2021 // Market Research, UTILITY-SCALE SOLAR
Australian coal generator undercut by rooftop solar boom
installations soar, the changing generation profile in the state of Western Australia is undermining state-owned retailer Synergy’s market dominance. In order to
Aug 7, 2019 // Plants, Large-Scale, Commercial, Residential, Australia, rooftop, installations, Synergy’s Muja Power Station, Marc McGowan, AEMO, Bill Johnston, PV systems, Oceania
Australia’s CEFC teams up with bank to fund solar, EV batteries
Australia’s green bank has found a funding partner for a new programme to support solar and electric vehicle (EV) batteries, days after pledging to back less-mature technologies more decisively.   The Clean Energy Finance Corp (CEFC) said on Tuesday it will co-fund a new financing programme run by the Bank of Queensland, investing from an AU$100 million (US$67 million) pot.     The so-called BOQF Energy Efficient Equipment Finance program will offer more advantageous financing terms to certain project themes in renewables and energy efficiency.   Schemes including rooftop solar installations and storage batteries for EVs will be granted annual discounts of 0.7% on their financing rates, the CEFC explained.   The new programme sees the light as the CEFC – a green financier established under the tenure of Labor prime minister Julia Gillard in 2012 – records a funding milestone.   According to stats released this week, the organisation has now injected more than AU$1 billion (US$674 million) into smaller-scale renewable projects around Australia.   As it anticipated in late July, the green bank is now keen to refocus funding on grid stability and large-scale energy storage, technologies it sees as currently less favoured by investors.   Since its launch, CEFC has helped bankroll the deployment of 1GW of solar, prioritising support to projects lacking bankable offtakers or power purchase agreements altogether.   The organisation remains the sole financier of an AU$160 million (US$108 million) scheme, also in Queensland, that integrates solar with wind and energy storage batteries.   The Kennedy Energy Park, the work of Windlab and Eurus Energy, will be linked to the local grid and is designed to cover the electricity needs of 30,000 households.   Australia’s latest state-sponsored push to fund clean energy emerges as fellow Pacific states continue to heap pressure on the country over perceived failures of its emission and coal policies.   Among those critical at the Pacific Islands Forum this week was Enele Sopoaga, the prime minster of Tuvalu and chair of the conference.   “No matter how much money you put on the table, it doesn’t give you the excuse to not to do the right thing, which is to cut down on your emissions, including not opening your coalmines,” Sopoaga was quoted by The Guardian as saying on Tuesday.
Aug 14, 2019 // Markets & Finance News, Storage, storage, Australia, Clean Energy Finance Corp, rooftop, Oceania
NSW Announces 1.4 GW Renewables' Tender, RWE To Create Battery Storage Project
as the rural federal government of New South Wales, Australia, has actually announced the tender allocation results for 1.4 GW of renewables, international
May 2, 2023 // Storage, Australia, tender, Oceania, new south wales, BESS, rwe, Katja Wünschel, Limondale battery energy storage system, LTESAs
Singapore designer dives on 500MW Oz solar
to establish a 500MW greenfield photovoltaic or pv project in Queensland, Australia. The purchase is subject to authorization by Australia's Foreign
Dec 22, 2020 // Markets & Finance News, Australia, Asia, Oceania, Singapore, Keppel Renewable Energy, Harlin Solar, Chris Ong
Solar Service Group and Evergen Kicks of Projects To Promote Large-scale Deployment of VPP
Solar Service Group to connect optimized batteries in residential areas across Australia. The coming together of these two powerful companiesto carryout this project
Dec 21, 2019 // Technology, Residential, Markets & Finance News, Storage, Australia, Oceania, Evergen, Solar Service Grou, Ben Hutt, VPP
Greece's Mytilineos closes funding on 120 MW of Aussie solar farms
company ended non-recourse funding of the solar plants with Australia as well as New Zealand Banking Group Ltd (ANZ), Societe Generale and Sydney-based Westpac
Nov 19, 2021 // Markets & Finance News, Greece, Australia, Europe, Oceania, solar farm, Mytilineos, Nikos Papapetrou
OMERS Infrastructure acquires 49% risk in FRV's Australian renewables business
Latif Jameel in 2015, claimed the offer will accelerate its development in Australia with new projects as well as an expansion right into brand-new
Oct 18, 2021 // Markets & Finance News, Australia, Oceania, frv, OMERS Infrastructure, fotowatio renewable venture
Cannon-Brookes vehicle to buy Sun Cable out of administration
Cable is proceeding the AUD-30-billion-plus (USD 19.6 bn/EUR 18.2 bn) Australia-Asia PowerLink (AAPowerLink) project, meant to deliver sustainable electrical power
May 26, 2023 // Markets & Finance News, Sun Cable, Cannon-Brookes