Storage

Western Australia network operator Western Power has confirmed it has granted two more network connection offers to two new large-scale renewable energy projects, bringing its total for 2024/25 to 759MW.

Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.

According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.

2025 will be the first time in over a decade that solar power additions decline in the EU, according to a mid-year report from SolarPower Europe.

AEMO has reported a record-breaking surge in new renewable energy generation and storage assets reaching full operation within the NEM.

Swedish solar developer OX2 has been approved for a 90MW solar-plus-storage site in New South Wales via Australia’s EPBC Act.

Swedish solar developer OX2 has submitted plans for a 150MW solar-plus-storage project in Queensland to Australia’s EPBC Act.

IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.

Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.

D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.