Australia’s Clean Energy Finance Corporation (CEFC) and infrastructure manager Palisade Investment Partners have announced a new strategy to attract investors at an early stage of renewable energy project development.
The Australian Renewable Energy Agency (ARENA) is providing AU$17 million (US$13 million) funding for nine renewable energy research and development projects looking at energy storage and solar PV among other technologies.
Australia is redirecting AU$1 billion from the Clean Energy Finance Corporation’s (CEFC) AU$10 billion (US$760 million) allocation into a new Clean Energy Innovation Fund (CEIF), Australian prime minister Malcolm Turnbull has announced.
The Australian Solar Council has claimed that reported plans to merge the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC) could result in the removal of funding for ARENA.
Australia’s second largest PV plant, the 56MW Moree Solar Farm in Northern New South Wales, developed by Spanish firm Fotowatio Renewable Ventures (FRV), has started feeding power to the grid.
US analysis firm GTM Research has published the latest commentary to highlight significant potential in Australia for energy storage, driven by the success of its PV industry.
