victoria

Wirsol Energy has awarded contracts to CWP Asset Management to provide asset management services to two new solar PV projects in Australia.

Just after UK-based Foresight Solar Fund bought a 48.5% stake in the Bannerton solar plant in Victoria, the Clean Energy Finance Corporation (CEFC) has announced AU$98 million in debt finance for the project.

Foresight Group, an independent infrastructure and private equity manager, has acquired the 110MW Bannerton Solar Project in Victoria, Australia on behalf of Foresight Solar Fund Limited (FSFL), KDB Infrastructure Investments Asset Management and Hanwha Energy.

Victoria’s Labor government will hold a 650MW renewables auction and has awarded contracts for 138MW of large-scale solar plants to power Melbourne’s tram network.

UK developer Island Green Power (IGP) is to break ground on a trio of solar farms in Australia, while London-headquartered developer Eco Energy World (EEW) plans to build a 280MW solar farm near Bouldercombe in Queensland.

Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.

Australia’s Victorian Government plans to tender for a 75MW solar PV plant in a regional area of the state in the first half of 2017.

The Victorian government in Australia has confirmed plans to give a AU$ 0.30/kWh (US$0.23) payment to residential solar system owners that supply electricity to the grid during peak hours.

Northern Ireland-headquartered renewable energy firm DP Energy has received approval to develop a AU$680 million (US$519 million) major renewable energy park in South Australia involving wind and solar capacity.

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.