A new state-owned green bank, the Energy Security Corporation (ESC), has launched in New South Wales, Australia, with an initial funding allocation of AU$1 billion (US$640 million).
Australia-based Clean Energy Investor Group (CEIG) has suggested that the outdated National Electricity Market (NEM) design is stifling investment in large-scale renewable generation projects in Australia.
Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has revealed that large-scale solar PV capital costs have fallen by 8% in Australia for the second year running.
The government of New South Wales, Australia, has released a new planning framework for large-scale renewable energy developments aiming to streamline planning decisions.
Iberdrola Australia, a sub-division of utility giant Iberdrola, has secured power purchase agreements (PPAs) with 13 regional councils in New South Wales that will see part of the energy sourced from a large-scale solar PV power plant.
Australia’s Clean Energy Council (CEC) has found that over 1.4GW of large-scale renewable energy generation projects worth over AU$3.3 billion (US$2.61 billion) were committed to in the third quarter of 2024.
In Australia, the Victoria government yesterday (11 September) granted the green light for the development of the 450MW Hazelwood Solar Farm, which also includes plans for a 450MW/1,800MWh battery energy storage system (BESS).
The Australian government's latest Energy Update 2024 report has revealed that large-scale solar PV power generation has grown more than 20-fold in the last six years.
