Australia’s newly appointed energy minister Josh Frydenburg has said the extreme fluctuations in South Australia’s electricity tariffs should be blamed on a number of factors not just renewables, in a filmed interview with Australian news outlet ABC.
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.
Australia-based renewables firm Windlab and Japan’s Eurus energy have received development approval for a hybrid project comprising 20MW solar, 30MW wind and a 2MW lithium-ion battery storage system in Queensland, Australia.
Australia’s Victorian government has issued Green Bonds and raised AU$300 million (US$225 million) in order to finance various projects including a major renewable energy project.
Conservative groups and power industry bodies have made fresh calls to hinder Australia’s Renewable Energy Target (RET) in the wake of the federal election.
Australia’s federal government plans a third AU$1 billion reallocation of money from the Clean Energy Finance Corporation (CEFC), prompting a backlash from solar campaigners.
Renewables firm Juwi Australia and KPS, a subsidiary of Pacific Energy, are partnering on hybrid systems using solar, battery energy storage and diesel or gas generation for remote mines in Australia.
Work has been completed on Australia’s “largest solar and battery storage project to date”, a 10.6MW PV installation at a copper mine linked to 6MW of storage, according to developer Juwi.
