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Australian developer advances 250 MW pumped hydro project

Genex Power is set to begin building a 250 MW pumped hydro facility next to an existing 50 MW solar farm later this month, as it has secured the financing it needs to move forward.

Smart Energy Council rallies industry to halt decline of Australia’s renewables market

Renewable energy developers and investors have told Australian industry body the Smart Energy Council ‘they’re done. The sovereign risk in Australia is too great,’ according to the organization’s government relations manager, Wayne Smith. With prospects, employment and energy prices in jeopardy, the trade organization has vowed to petition policymakers for a bankable plan.

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Australia is boosting shift to commercial EV fleets

The Australian Renewable Energy Agency and the governments of New South Wales and South Australia, grid operator Ausgrid and insurer NRMA, have awarded almost AU$500,000 to e-mobility start-up Evenergi to help businesses and consumers plan for the electric vehicle revolution.

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Macquarie to invest in 20 GW pipeline of renewables

With hundreds of billions of dollars in assets and funds under management, Macquarie Group is seeking to amplify its considerable influence, bringing investment and reporting to bear on accelerating climate mitigation and adaptation.

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ANZ, CEFC deepen ties to help businesses invest in PV, EVs, storage

Australian banking and financial services giant ANZ has extended its collaboration with Sydney-based Clean Energy Finance Corp. via an additional $67.7 million financing commitment to help the nation’s businesses cut energy costs and reduce carbon emissions. The bank is also offering financial discounts for upgrades and new investments in solar PV, energy storage, electric vehicles and other technologies.

Australia’s green bank to sharpen focus on storage following record investment in renewables

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.

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Labor plan to aggregate 4,000 schools into virtual power plants in $1 billion solar program

Australia’s federal Labor party has pledged to roll out PV generation and batteries at schools across the nation, and to create VPPs supporting up to 365 MW of capacity.

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Australian opposition unveils “clean energy powerhouse” policies for 2019 election campaign

Federal Labor leader Bill Shorten announced the party’s ‘all of the above’ plan for Australia’s energy sector. A ramped-up National Energy Guarantee, project auctions under a CfD structure, grid infrastructure investment, energy efficiency and a boost to battery storage all feature.

Australia’s CEFC steps up to finance 70 MW Oakey 2 project

The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.

CEFC to provide $77 million for 88 MW in Australia

The Clean Energy Finance Corp. (CEFC) has revealed plans to provide A$98 million ($77.05 million) in debt finance to back the development of the biggest biggest solar project in the Australian state of Victoria.

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