Three PV power plants worth a combined 320 MW have begun construction in the southeastern Australian state of Victoria. A joint venture between Overland Sun Farming and the UK’s Island Green Power is behind the AU$500 million (US$384 million) development, which is going ahead despite the projects not having yet signed PPAs.
Britain’s Foresight Group had made its first investment into large scale PV in Australia. It announced today the acquisition of the 25 MW Barcaldine Remote Community Solar Farm in Queensland.
Paris-based Electro Power Systems (EPS) expects to commission the PV-powered project in the first quarter.
The Australian supply deal sees the U.S. solar company supply 63 MW of thin film modules to the Kidston Solar project, while partnership with Turkish developer Zorlu will bring exposure to 26 selected markets.
The Sydney-based developer has obtained A$100 million ($76.8 million) in funding from Clean Energy Finance Corp. (CEFC) and Societe Generale.
Lithium-ion battery storage devices – including Tesla Powerwalls and other products – may be banned from being installed inside homes and garages in Australia under new guidelines being drafted by Standards Australia.
The U.S. developer today announced it will supply its advanced thin film PV modules to the 140 MW Sun Metals Solar Farm. The project will supply electricity to the Sun Metals zinc refinery, owned by the Korea Zinc Group.
The Australian company will lead a research project focused on the commercialization of perovskite solar cell technology. The grant is being awarded under the Cooperative Research Centre Projects programme, administered by the Australian Department of Industry.
Analysts at investment bank Morgan Stanley suggest Tesla and LG Chem are best positioned to take big market shares in a market that it predicts will grow faster than most others expect.
Rooftop and large-scale solar contributed to estimated 1% reduction in total power consumption in 2016, prompting 1.3% fall in greenhouse gas emissions and rising share of renewables on the grid.
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