Two prominent Australian billionaires have thrown their financial clout behind an ambitious 10GW/20-30GWh solar-plus-storage project destined to supply power to Singapore via a submarine cable.
Clean Energy Council urges ministers meeting for COAG Energy Council this week to ease grid access and harmonise state clean energy targets and schemes.
The chief tax-writing committee in US Congress unveiled a draft discussion paper on Tuesday that outlined a suite of tax incentives for renewable technologies.
The energy rulemaking body has soundly rejected loud calls from developers and investors to reform the controversial marginal loss factor regime, its system of calculating energy transmission and network losses.
The funding will go towards the development of four plants contracted to generate energy for Spanish oil giant Repsol and move the manufacturer-turned-developer closer to its aim of deploying 3GW by 2023.
The French developer's solar business has grown 69% in the first nine months of 2019, generating nearly €90 million of revenue, while wind revenue has fallen.
The project will be contracted to Coal India Ltd's subsidiary South Eastern Coalfields Ltd for 25 years, and help the coal major reach its national aim of becoming a "net-zero energy company."
State subsidies, development and private capital will bankroll 11 solar plants, 10 wind plants and 80-metre-wide grid in radiation-damaged prefecture, according to local reports.
