Major Australian brewer, Carlton & United Breweries (CUB), is planning to go 100% renewable and has kicked off by signing a power purchase agreement (PPA) with German firm BayWa r.e. for part of the energy generation from a 112MW solar farm in Victoria.
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$98 million in debt finance for the project.
Foresight Group, an independent infrastructure and private equity manager, has acquired the 110MW Bannerton Solar Project in Victoria, Australia on behalf of Foresight Solar Fund Limited (FSFL), KDB Infrastructure Investments Asset Management and Hanwha Energy.
Victoria’s Labor government will hold a 650MW renewables auction and has awarded contracts for 138MW of large-scale solar plants to power Melbourne’s tram network.
UK developer Island Green Power (IGP) is to break ground on a trio of solar farms in Australia, while London-headquartered developer Eco Energy World (EEW) plans to build a 280MW solar farm near Bouldercombe in Queensland.
Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.
The Victorian government in Australia has confirmed plans to give a AU$ 0.30/kWh (US$0.23) payment to residential solar system owners that supply electricity to the grid during peak hours.
