The cost-effectiveness of solar panels as well as new technology that allows households to sell surplus power to the grid will both be explored under two separate initiatives announced by the Australian Renewable Energy Agency (ARENA).
Spanish EPC Elecnor has been appointed as the lead contractor for the first phase of Australia’s largest hybrid solar and battery energy storage facility.
Western Australia is looking for global partners to explore the development of renewable hydrogen projects as part of a hub that could host up to 1,250MW of solar energy and 270MW of wind power.
Australia and Germany have joined forces to fund a feasibility study into the production, storage, transport and use of hydrogen from renewable energy.
The Australian Capital Territory (ACT) government has lauded the role large-scale batteries will play in the country’s energy transition, having supported projects which will see energy storage project deployed in the country.
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives.
Queensland’s three state-owned energy corporations will be able to increase their ownership of commercial renewable projects thanks to a new AU$500 million (US$364.45 million) renewable energy fund announced yesterday.
Independent power producer Neoen has completed a 50MW expansion of its Hornsdale utility-scale battery in South Australia, an upgrade the company says will reduce the risks of blackouts.
