‘Big Battery’ fuels revenue jump at French renewables group Neoen Updated On Wed, May 4th, 2022 by Saurenergy French renewable power producer Neoen ‘s first-quarter revenue jumped by more than a third, helped by the commissioning of one of the world’s largest lithium-ion batteries in Australia, the company said on Tuesday. Neoen, which specialises in solar farms, onshore wind and energy storage, posted overall sales up 36 per cent at 109 million euros […] Read more
Neoen Inks 70 MW virtual battery deal with AGL in Australia Updated On Thu, Apr 14th, 2022 by Saurenergy Paris-headquartered renewable energy producer Neoen has inked an innovative 7-year virtual battery agreement with AGL Energy, an Australian energy generator and retailer, to provide 70 MW / 140 MWh of virtual battery capacity in the New South Wales (NSW) region of Australia’s National Electricity Market. The offtake gives AGL Energy the ability to hedge its […] Read more
Solar resource variability in key global markets increases scrutiny on solar asset performance: Study Updated On Mon, Apr 11th, 2022 by Saurenergy A ten-year analysis of solar irradiance released today by Solargis, a data and software architect for bankable solar investments, has illustrated the impacts of significant resource variability on several key global solar markets including India, Australia and North America. As margins tighten for solar asset owners and investors, investment in high-quality data is crucial to understanding […] Read more
Andrew Forrest, The Aussie Metals Billionnaire-turned Green Investor Updated On Thu, Mar 31st, 2022 by Saurenergy “Our organisations will be going like crazy because for us it’s a minimum $50 billion expenditure,” said Fortescue Metals Group’s billionaire founder Andrew Forrest this week while referring to a major agreement, as per which his Australian iron ore mining company will produce 10 million tonnes of hydrogen for German energy giant E.ON. Fortescue later […] Read more
SunCable Gets $152 Million New Investment for Australia-Singapore Power Project Updated On Wed, Mar 16th, 2022 by Saurenergy The SunCable led ‘Australia-Asia PowerLink’ project has received a major boost as Australian billionaires Mike Cannon-Brookes and Andrew Forrest have invested a further $152 million into the undersea cable link construction meant to deliver solar generated power from Australia to Singapore. The fresh investment has been directed through Grok Ventures that belongs to Cannon-Brookes and […] Read more
Trina Solar Picks Australia for Vertex S+ module launch Updated On Thu, Mar 10th, 2022 by Saurenergy Trina Solar is launching what it calls ‘a higher power, higher efficiency’ Vertex S+ module in Australia. The development is driven by a record that was set last year for solar module installations in Australia in the rooftop solar segment. Trina Solar says that Vertex S+ is designed specifically for residential rooftops as well as […] Read more
Multi GW RE growth opportunity for Origin Energy this decade, says firm Updated On Wed, Mar 9th, 2022 by Saurenergy Australian oil and gas major Origin Energy Limited (Origin) has announced it intends to undertake an initial on-market share buy-back of $250 million. The share buy-back is expected to commence in April 2022. Origin CEO Frank Calabria said, “Origin is in a strong financial position, with a robust outlook for the business and a capital structure […] Read more
India Signs LoI with Australia for Solar & Hydrogen JV Updated On Thu, Feb 17th, 2022 by Saurenergy At the recently held virtual 4th India-Australia Energy Dialogue, the two countries signed a Letter of Intent (LoI) to jointly contribute to the advancement of new and renewable energy technology. The focus of this partnership is planned to be on scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen. “This LoI will pave […] Read more
Australian Renewables Spree Meets Farmers’ Resistance Updated On Thu, Feb 10th, 2022 by Saurenergy Australian farmers are battling the ongoing renewable power expansion projects of the country as they say that the projects are ill-conceived and could upend their livelihood and also the ecology. The cultivators in the key farm states like Victoria and New South Wales are wary about the factors of production – linked to their farms […] Read more
