Mining giant Fortescue will mix solar (150MW), gas (150MW) with “large-scale” storage battery at hub in Western Australia, adding to 60MW first solar stage announced last year.
Purchase of 22 contracted and operational projects across three US states is the latest in a series of PV acquisitions by the London-listed investment firm.
New projections mark major pivot for the agency, which for years had predicted that natural gas would remain the US' dominant source of electricity over the decades to come.
New affiliate Cardinal Renewables will acquire solar projects that venture partner Alchemy Renewables will then manage, operate, maintain and place tax equity financing for.
Project in Sardinia (5MW) emerges as sole PV winner of 500MW auction dominated by wind power (495MW) but industry representatives believe solar future is subsidy-free.
Think tank warns in pre-budget submission paper that government agency – which has no funding beyond 2021-2022 – will run out of money for new projects by mid-2020.
Network operator Liander publishes list of areas where requests will be temporarily held after finding PV roll-out doubled almost everywhere in its catchment area last year.
The PV facilities are set to come online by the end of 2023, helping utility Tri-State Generation and Transmission Association meet new 50%-by-2024 renewables target.
