A hugely-ambitious plan to develop a 200 MW PV array and 120 MWh battery system in South Australia has received development approval. The project developer, which is hosted by the University of South Australia’s ThincLab accelerator, reports that the $450 million project is privately financed with a 60/40 merchant/PPA structure – a significant milestone for the market segment.
Germany’s innogy is set to acquire the Limondale and Hilston utility-scale solar projects in Australia’s New South Wales from developer Overland Sun Farming. The two projects have a combined capacity of over 460 MW.
All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.
Britain’s Foresight Group had made its first investment into large scale PV in Australia. It announced today the acquisition of the 25 MW Barcaldine Remote Community Solar Farm in Queensland.