Power Plants

Virtual Power Plants (VPPs) have emerged as a novel energy management solution, offering an effective means to address energy supply issues.

The Australian Electricity Market Operator (AEMO) has indicated that Australia has seen the addition of 1.2GW of new large-scale solar projects brought online and connected to the National Electricity Market (NEM) in the past 12 months.

Fortescue Metals is aiming to capitalise on China’s “insatiable demand for green products” through green metals production and exports.

Construction of the Rosamond South I project, in Kern County, has already started and is expected to reach commercial operations in 2025.

Jonathan Touriño Jacobo looks at Southern Europe, where pricing, grid capacity and the ban of PV on farmland are causing headaches.

Arevon and Matrix have started construction on two projects in Indiana and Texas, while Ingeteam has supplied 1GW of inverters to US projects.

NZGIF has provided a NZ$78 million (US$48.7 million) financing facility to FNSF to help complete around 1.1GW of new solar projects.

Adelaide-headquartered renewable energy developer ZEN Energy has signed a 10-year power purchase agreement (PPA) with developer Enel Green Power Australia to secure green energy produced from 98MW solar PV project in New South Wales.

Tech giant Microsoft has signed agreements with RenNew in India and EDP Renewables in Singapore to secure 637.6MW of solar PV energy in Asia.

Europe and the US could need to announce close to 200GW of new clean energy capacity by 2030 to meet the world’s energy transition goals.