Solar and wind power are continuing to set records in Australia, pushing down electricity prices and reducing the profitability of fossil fuel generation. Wind last year overtook natural gas in power generation for the first time, and together with solar helped cut wholesale prices to their lowest since 2015, the Australian Energy Regulator said Friday […]
Malaysia’s Total Lockdown: Operation of Electricity Supply Sector and Renewable Energy Developments
Malaysia’s Ministry of Energy and Natural Resources (‘KETSA’) has issued an official statement1 (‘KETSA Statement’) with respect to, among others, the operation of the electricity supply sector and renewable energy developments during the nationwide total lockdown which is in effect from 1 to 14 June 2021 (referred as the Full Movement Control or ‘FMCO’). This […]
Banpu Buys Solar Farms in Australia
SET-listed Banpu Plc, a non-oil energy conglomerate, has acquired two utility-scale solar farms in New South Wales, Australia, in a deal worth A$97.5 million (2.33 billion baht) to further increase its clean power generation capacity. The 110.9MW Beryl Solar Farm in Australia is a newly acquired asset of Banpu Plc. The new assets are Beryl […]
State Government-Owned Energy Company Plans 300 MWh Battery Plant in Queensland, Australia
Damage at Unit 4 of CS Energy’s Callide coal power station in Queensland after an incident on 25 May. A new 150MW / 300MWh battery energy storage project is being considered in Queensland, Australia, by Stanwell, an electricity generation and retail company which is owned by the state’s government. Stanwell’s main generation assets are two […]
Pekat Eyes Up to 70% Revenue Contribution From Solar PV Division
KUALA LUMPUR : Pekat Group Bhd, en route to be listed on Bursa Malaysia’s ACE Market on June 23, expects to grow its solar photovoltaic (PV) division’s contribution to the group’s revenue to between 60% and 70% in the current financial year ending Dec 31, 2021 (FY21). The division’s contribution to the group’s total revenue […]
Solar Deployment in Australia ‘Significantly Higher’ Than Previously Forecast
Australia’s electricity grid faces congestion and power security issues over the next few years as more solar energy capacity is installed at faster rates than previously expected. That’s according to a report from the Australian Energy Market Commission (AEMC), which has found that 763MW of new large-scale solar capacity was added to the power mix […]
Fluence Signs 1.5 GW of New Contracts to Optimize Trading of Renewable & Energy Storage Assets in Australia
Fluence Trading Platform now optimizing nearly 18% of all grid-scale wind and solar energy assets in the NEM. ARLINGTON, VA, USA : Fluence, a leading provider of energy storage technology, services and bidding optimization software, today announced that it has secured approximately 1.5 GW of new wind, solar and battery energy storage contracts for its […]
Australia Tops Step-Change Energy Transition Scenario
The rate of investment in and construction of more power generation capacity in Australia from renewable sources such as wind and solar is exceeding the most optimistic scenario, known as step change, under the Integrated System Plan (ISP) 2020, according to the Australian Energy Security Board (ESB). The scenario includes the earlier-than-planned retirement of coal- […]
Solar additions drive record low electricity prices in South Australia
South Australia saw record low daytime energy prices in the first three months of this year, driven by a sharp uptake in renewable power resources, including rooftop solar. That’s according to the Australian Energy Market Operator’s (AEMO) latest quarterly report, which said that mild summer temperatures and record Q1 installations of rooftop solar capacity led […]
AGL acquires Australian C&I solar providers Solgen and Epho
Solgen has delivered more than 15,000 solar projects in the past decade. Australian utility AGL Energy has secured deals to acquire two commercial and industrial (C&I) solar companies, Solgen Energy Group and Epho, as it looks to strengthen its existing PV capabilities. AGL, which operates the largest electricity portfolio in Australia’s National Electricity Market (NEM) […]