The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.
Accurate generation modelling and forecasting is integral to not just the financial performance of operational solar farms, but how they are integrated into modern grids. A study from Monash University in Australia has proven how artificial intelligence approaches can help drastically improve performance forecasts. Dr. Christoph Bergmeir, who led that study, details its key learnings.
New research has revealed that solar PV and wind continue to be the cheapest new-build electricity generation options in Australia, even when considering their additional integration costs such as energy storage and transmission.
Spanish energy company Iberdrola is continuing its expansion in Australia’s solar sector with the acquisition of engineering, procurement and construction (EPC) provider Autonomous Energy.
Swiss fund manager SUSI Partners has acquired a 50% interest in Starling Energy Group, an Australian installer of integrated solar PV and energy storage systems for the residential sector.
Mining giant Fortescue is to partner with Australian energy major AGL Energy to examine the potential of repurposing legacy coal assets for renewables-powered green hydrogen facilities.
Acciona Energia has struck deals for multiple green hydrogen facilities, one with state-owned Australian energy company Stanwell Corporation and a joint venture with US company Plug Power Inc. to establish multiple production sites across Spain and Portugal
The Government of New South Wales (NSW), Australia, has opened an online registration of interest process as it seeks bidders for the country’s latest Renewable Energy Zone (REZ) to enter the planning phase.
