Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.
The Shallow Basket Energy project is built on land leased from the Jicarilla Apache Nation and includes a 50MW dedicated battery energy storage system (BESS).
The 58MW Scotford solar project near Edmonton, Alberta, will provide power to Shell’s nearby Scotford oil refinery, chemicals plant and carbon capture complex.
Renewable energy developer Acen Australia has seen the New South Wales Independent Planning Commission (IPC) approve its 600MW Birriwa solar-plus-storage project.
Australian mining giant Fortescue Metals Group has started constructing a US$50 million project in Western Australia. The project aims to harness solar PV to produce green hydrogen, which will be used to create green metals.
Solar project developer Lightsource bp has secured NZ$267 million (US$162 million) to support the development of its 168MWdc Kōwhai Park solar PV project at Christchurch Airport, New Zealand.