Australia's Clean Energy Finance Corporation (CEFC) has made its largest equity investment in renewable energy, with AU$100 million (US$72 million) in the Australian Renewables Income Fund (ARIF), aiming to encourage institutional investors to further expand their reach into clean energy.
Australia-headquartered Greatcell Solar, formerly Dyesol Solar, has appointed administrators after failing to secure further financing to develop its perovskite materials and solar cells to a commercial level.
French renewable energy firm Neoen has started commercial operation at its 189MW Coleambally Solar Farm in New South Wales, Australia, which is said to be producing the highest energy output of any solar farm in the country’s National Electricity Market at present.
Contruction of a Tesla powerpack battery at the 60MW Gannawarra solar farm in Victoria, Australia - said the be the first battery storage system that has been retrofitted to an existing solar farm in the country - has been completed ahead of schedule.
Australian utility Snowy Hydro has contracted eight wind and solar projects totalling 888MW in capacity across New South Wales and Victoria to reduce its exposure to high wholesale power prices, due to its current inability to supply power to all its customers via its own power generation.
Silicon Module Super League (SMSL) member JinkoSolar will supply 255MW of its HC Cheetah series solar modules to Decmil Australia for the Sunraysia Solar Farm project in New South Wales developed by Australian-Chinese firm Maoneng Group.
US-headquartered high-efficiency PV module producer SunPower Corp has secured the module supply deal for innogy’s 349MW PV power plant near Balranald, New South Wales, Australia, the largest plant under construction in the country.