ReNu Energy signed an agreement last week for the sale of its Australian solar assets to CleanPeak Energy, a commercial rooftop solar startup.
The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
The scheme will test the potential of distributed energy resources such as rooftop systems, battery storage and controllable load devices aggregated into VPPs to provide scalable energy and network services traditionally performed by large scale, conventional electricity generators. With registration open, the Australian Energy Market Operator wants VPPs to register to accelerate shared learning.
After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
The U.K. is leaping ahead in its deployment of EV charging infrastructure. Box Energi has chosen Australia’s Tritium Veefil-RT technology to ramp up the number of refill sites around the U.K. in a move which will boost not only accessibility and driving range but confidence in emissions-free driving.
The solar PV system is part of a 1.25 MW portfolio, where power will be sold to the island’s villagers through pre-paid net metering. The Asian Development Bank, with the help of other institutions, is supporting the deployment of solar on the Pacific Ocean’s small island nations.
With the approval for a 176 MW solar farm and 66 MW battery storage facility near Murray Bridge, South Australia’s utility-scale wind and solar pipeline has reached some 10 GW.
Australia’s Northern Territory has given major project status to an ambitious plan to develop a 10 GW solar farm coupled with a 20-30 GWh storage facility near Tennant Creek and export solar power harvested in the Australian desert to Singapore via subsea cables.
Fotowatio Renewable Ventures (FRV) has secured financing for the 67.8 MW Goonumbla Solar Farm in New South Wales. The Spanish developer inked a power purchase agreement for the project with Snowy Hydro last year.
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