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South African national utility Eskom has launched a new unit to focus on large-scale renewable energy projects.

Ark Energy has been granted approval by AEMO and Transgrid to connect its 435MW Richmond Valley solar-plus-storage project to the NEM.

With BESS in the generation mix, energy is no longer simply generated and exposed to the market; it can be stored and used when most valuable.

Solar PV solutions provider Nextpower has entered into a definitive agreement to acquire BESS system integrator Prevalon Energy for up to US$365 million.

Australia's CIS Tender 7 has seen 19 successful projects, which will deliver 7.8GW of renewable energy generation across the NEM.

Edify Energy has reached financial close on the 720MWp Smoky Creek and Guthrie's Gap solar power stations in Central Queensland, Australia.

New Zealand utility Meridian Energy has received consent to build a 120MW solar PV project alongside a planned battery energy storage system (BESS).

German inverter manufacturer SMA Solar has reported a first-quarter net loss of €1.6 million (US$1.86 millon), down from a €5.5 million profit in the same period last year.

Nextpower is set to acquire the power conversion assets of Spain-based Zigor Corporation and its US subsidiary, Apex Power.

Getting the commercial structures right is a crucial part of a co-location strategy, writes Arenko's Daniel Moore-Oats.