Vast Solar lands $65 million for ‘first-of-a-kind’ concentrated solar ...
Feb 13, 2023 · The Australian Renewable Energy Agency (ARENA) confirmed it has approved $65 million (USD 44.95 million) in funding to Vast Solar to construct VS1, a “first-of-a-kind” concentrated solar power (CSP) plant north of Port Augusta.
New energy market rules rollout customer benefits and flexible …
Aug 15, 2024 · New rules by the Australian Energy Market Commission (AEMC) ensure consumers get more value from and control over their energy use while energy retailers can separate and manage ‘flexible’ consumer energy resources (CER). The rules also dictate market participants can now use in-built measurement capability in technology such as EV chargers and smart streetlights, eliminating the need for ...
bp increases stake in 26 GW Australian Renewable Energy Hub
Mar 12, 2024 · Macquarie Group announced it has completed the sale of its 15% share in the estimated $55 billion (USD 36.4 billion) Australian Renewable Energy Hub (AREH) to bp which has boosted its stake in the solar, wind and green hydrogen project planned for Western Australia’s north coast to 64%. Robert Dunlop, head of Macquarie’s global resources ...
Victorian rooftop solar uptake exceeds five million panels and 2 …
Aug 13, 2024 · Since August 2018, the Victorian government has installed five million individual solar panels on the state’s rooftops via their Solar Homes Program, equating to 2 GW of power. which is almost double that generated by the brown coal Yallourn power station.. The Solar Homes Program (SHP) uptake represent 13% of the total renewable capacity installed in the state, with its solar panels ...
Australian solar manufacturing scores $550 million Sunshot
Sep 2, 2024 · The first $550 million of the federal government’s Solar Sunshot program has been launched to support the development of Australia’s solar manufacturing industry and help local businesses capture more of the global solar manufacturing supply chain. The Australian Renewable Energy Agency (ARENA) has opened the first phase of the $1 billion ...
Solar cell innovator Sundrive restructures for future …
Aug 8, 2024 · Sydney-based Australian copper-plated solar cells innovator Sundrive Solar, has announced a restructure of the company, which it explains as a necessary precursor to the next phase of commercialisation.. A number of employees have been laid off and Co-founder and Chief Executive Officer Vincent Allen has assumed the role of Chief Technical Officer, replaced by former Chief Operating Officer ...
Solar SunShot manufacturing program enters design phase
Apr 23, 2024 · The consultation process has commenced on the design of the $1 billion Solar Sunshot program that aims to boost the development of Australia’s solar manufacturing industry and increase the nation’s role in the global solar manufacturing supply chain. April 23, 2024 David Carroll. Balance of Systems.
RayGen lands new funding to speed up rollout of ‘solar hydro’ tech
Apr 22, 2024 · Based in Queensland – Australia’s Sunshine State – he joined pv magazine Australia in 2020 to help document the nation’s ongoing shift to solar. Australian solar and storage technology firm RayGen has secured more than $51 million in new funding to accelerate the commercialisation and deployment of its concentrated PV and thermal hydro ...
Coal gone by 2038 but renewables investment is key
Jun 26, 2024 · Utility Scale Storage. Australia. Image: pv magazine. The Australian Energy Market Operator’s 2024 Integrated System (ISP) plan roadmaps how the National Electricity Market (NEM) will be 100% weaned off coal generation by 2038, teaming renewables connected by transmission and distribution, firmed by storage, and backed by gas as the way forward.
Volumes ‘going backwards’ as rooftop market drops off
Jul 3, 2024 · The latest data from Australian solar and storage market analyst SunWiz shows national rooftop market volumes in June wound back by 14% compared to May, falling back in line with a market decline that started in February. A total of 248 MW of new capacity was installed in June, well down on the 288 MW that was deployed in May, the fourth ...