energy storage

Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.

Muswellbrook Shire Council in New South Wales, Australia, has backed a solar module recycling mandate for a 135MW solar PV plant being developed by Swedish solar developer OX2.

AEMO has said that, at the end of 2024, the connections pipeline for Australia's NEM stood at 49.6GW, up 36% year-on-year.

Three investments into the US community solar sector paint a picture of a fast-growing sector being targeted by private asset managers.

Samsung C&T Renewable Energy Australia has submitted a 250MW solar-plus-BESS site in New South Wales to the Australian government’s EPBC Act.

Potentia Energy is set to acquire controlling stakes in a 1.2GW renewable energy generation and energy storage portfolio in Australia.

The company announced last week that the Desert Quartzite project in Riverside County, California, began operations in December 2024.

Australia-based Clean Energy Investor Group (CEIG) has suggested that the outdated National Electricity Market (NEM) design is stifling investment in large-scale renewable generation projects in Australia.

The Australian government has allocated an additional AU$2 billion (US$1.25 billion) to its green bank, the Clean Energy Finance Corporation (CEFC), to support renewable energy generation and energy storage.

The letter said the IRA has brought “significant investments in the health of our economy" and US$500 billion in manufacturing investments.