Tesla Picked As “Victoria Big Battery” Supplier
The 300 MW/450 MWh Victoria Big Battery will use Tesla Megapack energy storage system.
The 300 MW/450 MWh Victoria Big Battery will use Tesla Megapack energy storage system.
A green rain of financial support will fall on climate change delegates in Paris next week at the opening of the Green Bank Design Summit on Monday, March 18. At least 24 developing countries representing 27% of global GDP and 44% of global carbon emissions are coming together to craft a new model for advancing clean energy investment, say organizers.
Construction has begun on the first phase of Kennedy Energy Park, Australia’s first utility-scale wind, solar, and storage hybrid project which, once all phases are complete, could boast a capacity of up to 1.2 gigawatts.
Australian energy market experts have delivered a scathing appraisal of the Turnbull government’s National Energy Guarantee, describing it variously as a “pea and thimble trick”, a potentially “terrible outcome” for the renewable energy industry, and as a further extension of the Coalition’s faction-driven energy policy farce.
A world first renewable energy project has taken its first steps in Australia, with big-name companies Vestas, Tesla, and Windlab backed by Australia’s Clean Energy Finance Corporation partnering on a $160 million, 60 MW hybrid wind, solar, and energy storage project.
Once EV batteries reach the end of their life, and struggle to provide the driving range and acceleration required of motor transport, there is still 80 per cent of their storage capability. Australian company Relectrify aims to make use of these batteries for homes.
Australia’s Clean Energy Finance Corporation committed a record $837 million in new investments into Australia’s clean energy sector during the 2015-16 financial year. Announced on Tuesday, the Clean Energy Finance Corporation (CEFC) revealed it had committed $837 million in new investments, contributing to projects with a total value of $2.5 billion, and … [continued]
Australia’s Clean Energy Finance Corporation has partnered with infrastructure manager Palisade to attract investment in early stage renewable energy project developments. Announced earlier this week, Australia’s Clean Energy Finance Corporation (CEFC) will partner with Palisade Investment Partners to invest $100 million in an effort to attract further investment to the tune … [continued]
Two of Australia’s renewable energy agencies have committed millions in funding to large-scale solar development. Australia’s Clean Energy Finance Corporation has announced a $250 million large-scale solar finance program intended to boost development in Australia. Meanwhile, the Clean Energy Finance Corporation (CEFC) in cooperation with the Australian Renewable Energy Agency (ARENA) … [continued]
On Saturday, reports emerged from Australia that the government had issued a directive changing the mandate of Clean Energy Finance Corporation (CEFC) to prevent it from investing new funds into wind power. CEFC is a government-created institution set up to invest in renewable energy sectors. Given that wind power is potentially worth billions of dollars, this … [continued]