Taxpayers fork out nearly $3 billion for renewable energy, report shows

Posted on February 06, 2017. Australasian News.

Source: TAXPAYERS forked out nearly $3 billion over the past financial year to subsidise renewable energy, with most being spent on wind farms and solar panels. About 75 per cent of the subsidies were collected from consumers paying extra in their electricity bills, The Australian reports. The data comes from a report by BAEconomics, commissioned by… Read more »

Australian PM reveals major energy storage push

Posted on February 03, 2017. Australasian News.

Author: John Parnell Source: Australia will launch a new large-scale energy storage funding round, the country’s prime minister Malcolm Turnbull has revealed. “Energy storage, long neglected in Australia, will also be a priority this year,” he said in a speech to the National Press Club. “Last week at my request, ARENA [Austrian Renewable Energy Agency] and… Read more »

3 firms advise on NSW solar farms worth over $230m

Posted on February 03, 2017. Australasian News.

Author: Sol Dolor Source: A trio of international giants have advised on the first three projects to reach financial close under large-scale solar projects of two Australian green banks. Herbert Smith Freehills, Baker McKenzie and DLA Piper were all involved in the 55 MW Parkes Solar Farm project, the 30 MW Griffith Solar Farm… Read more »

Yingli Secured a 13MW Order in Australia

Posted on February 01, 2017. Australasian News.

Source: Yingli Green Energy Holding Company Ltd. (“Yingli” or “Yingli Solar”) (YGE), one of the world’s leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Australia Pty. Ltd. (Yingli Australia) has entered into an agreement  to supply 13.3 MW of multi-crystalline solar panels for a customer in Australia. Yingli… Read more »

Massive Battery-Ready Solar Farm For South Australia

Posted on February 01, 2017. Australasian News.

Source: A 100MW solar farm featuring 400,000 solar panels will be constructed near the South Australian town of Tailem Bend. The Advertiser and Australian Financial Review report the $200m project, which will generate enough electricity for 40,000 homes, will be formally announced today. The facility will be constructed in a way to enable the future addition of… Read more »

Frydenberg says “clean coal” could help Australia meet Paris targets

Posted on January 30, 2017. Australasian News.

Author: Jonathan Gifford Source: Energy and Environment Minister Josh Frydenberg has insisted that the federal government has no plans to change or walk away from the Renewable Energy Target (RET), despite a strong push from the far-right rump of his Coalition, led by former prime minister Tony Abbott, with vocal support from the Murdoch media…. Read more »

Melbourne’s Tram Network Will Run On Solar As Victoria Launches 75 Megawatt Solar Tender

Posted on January 30, 2017. Australasian News.

Author: Jonathan Gifford Source: Victoria has announced a tender for 75 megawatts of large scale solar to be constructed in the northwest of the state, with 35 megawatts (MW) of these arrays will “linked to” Melbourne’s tram network. Melbourne is the location for the largest electric tram system in the world, in terms of… Read more »

A Melbourne energy startup just scored $10 million from the Australian government

Posted on January 25, 2017. Australasian News.

Author: Simon Thomsen Source: The Turnbull government’s renewable energy investment arm, the Clean Energy Finance Corporation (CEFC), has contributed nearly half of an $11.5 million series B capital raise into a Melbourne tech startup that’s hoping to change the way electricity grids operate. GreenSync, one of a growing number of startups using technology to… Read more »

AGL, GE and CATCON join forces to build 200MW wind farm in Australia

Posted on January 25, 2017. Australasian News.

Source: GE, in collaboration with AGL Energy (AGL) and civil engineering construction company, CATCON, have announced a contract to develop and build the US$ 450 million Silverton Wind Farm in Australia. The Silverton Wind Farm, located in western New South Wales, is the first greenfield development under the Powering Australian Renewables Fund (PARF), a… Read more »