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).
Renewable energy developer Acen Australia has seen the New South Wales Independent Planning Commission (IPC) approve its 600MW Birriwa solar-plus-storage project.
National industry body Energy Networks Australia (ENA) has called on the Australian government to implement the appropriate incentives to unlock at least 5GW of additional rooftop solar PV generation capacity.
Australian renewable energy and storage developer Genex Power has been acquired by Japanese power company J-Power in a deal worth AUS$351 million (US$229 million).
Independent Power Producer (IPP) Enlight Renewable Energy has closed financing for the battery energy storage system (BESS) portion of its 364MW/1.2GWh Atrisco solar-plus-storage project in New Mexico, USA.
