A major German asset manager Aquila Capital – with more than $14 billion under management and a sizeable renewable energy portfolio – has entered the Australian utility battery storage market by buying a portfolio of projects totalling 220MW and 440MWh. The deal with Spanish company Grupo Gransolar is for three battery energy storage systems (BESS) […]
Naturgy Acquires its First Hybrid PV Solar And Energy Storage Project in Australia – EQ Mag Pro
Naturgy marks an important milestone with this project, representing its first foray in Australia into photovoltaic technology, through a hybrid PV-Battery project, which is the first one of this kind for the company worldwide. The Cunderdin project will be the largest DC-coupled solar PV and battery project to be built in Australia. The company extends […]
Gravity storage start-up says it has “multi gigawatt hour” plans for Australian zinc refiner – EQ Mag Pro
Gravity storage start-up Energy Vault says it has begun site planning for what it now describes as a “multi-gigawatt hour” project for long and short term storage to support the green energy plans for Australian zinc refiner Sun Metals. Energy Vault and Sun Metals sister company Ark Energy announced earlier this year an agreement to […]
ACT to quit gas by 2045, shift to all-electric homes and businesses – EQ Mag Pro
The ACT government has unveiled plans to phase out the use of fossil gas in Australia’s capital territory by 2045, with the release of a paper modelling the transition to full electrification of homes and businesses over the coming two decades. In an announcement on Thursday, ACT chief minister Andrew Barr said the move to […]
Enova Energy spared from liquidation by deal with fellow small retailer – EQ Mag Pro
Enova Energy, whose ground-breaking community retailer business was forced into voluntary administration last month as a result of Australia’s energy market crisis, has dodged liquidation through an arrangement with fellow small retailer, Energy Locals. In an update on Wednesday, administrator Simon Cathro said creditors for Enova Community Energy and Enova Energy had voted in favour […]
US firm to build $1.7 bln data centre, large-scale battery in Australia – EQ Mag Pro
MELBOURNE : Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that will eventually include one of the largest utility-scale batteries in the country. Houston-based Quinbrook said on Friday it will build a campus for its Supernode project in the state of […]
Wind generation overtakes brown coal in June, in the month of new records: Australia – EQ Mag Pro
Wind generation overtook brown coal to become Australia’s second largest source of electricity generation in June, a month of records for wind including highest ever monthly total production nation-wide. According to the latest data from Rystad Energy’s senior analyst in renewables research, David Dixon, June 2022 was “all about wind,” with all wind assets in […]
Small retailers issue plea for help as fossil fuel price surge claims another victim: Australia – EQ Mag Pro
A collective of small electricity retailers has issued an urgent plea to energy market regulators to intervene and try to prevent the mass collapse of more retailers buckling under the pressure of surging wholesale electricity prices. The joint letter warns of a “liquidity crunch” that has caused the failure of four different energy retailers in […]
ADB, Australia, PNG Partner to Boost Access to Clean, Reliable, and Affordable Power – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) today announced a $305 million project which will support the strengthening and expansion of electricity in Papua New Guinea (PNG). The Power Sector Development Project is supported by loans and grants from ADB and the governments of Australia and PNG and will target five subprojects within the […]
Australian state plans laws to speed up hydrogen production – EQ Mag Pro
SYDNEY : The South Australia government on Tuesday announced plans to push ahead with new legislation that it said would help speed up the production of hydrogen in the state. The new dedicated hydrogen legislation will license and regulate the production of hydrogen in South Australia, Premier Peter Malinauskas said in a statement released at […]