Enel Green Power Australia, a subsidiary of Italian energy company Enel, has agreed to acquire QEM’s 1 GW Julia Creek renewables project in Australia. In north-west Queensland, the project is situated next to QEM’s flagship Julia Creek oil shale and vanadium project. It will use a combination of solar and wind energy to produce 1 GW of power
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Snowy Hydro Limited, an Australia-based power producer and retailer, has signed a power purchase agreement with TagEnergy, an energy storage developer, for a 756 MW wind farm project located in Victoria. The agreement is the first PPA for the project of Golden Plains’ 1.3 GW wind farm. The project is intended to establish the Commonwealth’s largest wind turbine complex.
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wpd offshore Australia Holding, part of Germany’s wpd Group has signed a joint venture (JV) with Australis Energy to construct three offshore wind energy projects off the coast of Australia. The three offshore wind projects will be constructed in the coastal waters of Victoria, South Australia, and Western Australia, and will have a combined capacity of 1.4 GW.
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The Asian Renewable Energy Hub (AREH) has reached an agreement with bp to sell a 40.5 per cent stake in the large renewables and green hydrogen hub. AREH intends to gradually expand the production of onshore wind and solar energy in the Pilbara region of West Australia, and achieve an overall capacity of 26 GW of solar and wind energy. This project will provide energy exports to countries like Japan and South Korea in order to serve the domestic Australian market.
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Corio Generation, a Macquarie Green Investment Group portfolio company, plans to develop a 2.5GW wind farm off the coast of Victoria, Australia. The Great Eastern Offshore Wind Facility will be built 22 km off the Wellington Shire in Gippsland, Victoria. The project is expected to generate enough clean energy to power around 1.6 million homes.
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Cbus Super, an Australian superannuation fund, has acquired a 10 per cent stake in Copenhagen Infrastructure Partners’ (CIP) 2.2 GW Star of the South offshore wind project. This follows Cbus’ investment in CIP’s flagship fund, CI IV, which owns the majority stake in Star of the South. No financial details of the deal have been disclosed. Star of the South will be constructed off the coast of Victoria’s Gippsland.
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Acciona Energía, a Spanish renewable energy company, has begun construction on the MacIntyre complex, a 1,026 MW wind farm in Queensland, Australia. MacIntyre and Karara wind farms are part of the $1.4 billion wind complex. MacIntyre is a 923 MW wind farm in which ACCIONA Energía owns a 70 per cent share and Ark Energy owns the remaining 30 per cent.
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Origin Energy, a leading Australian integrated energy company, has announced the purchase of the Yarrabee Solar Farm in New South Wales (NSW). The first phase of the solar complex, which will be located in NSW’s Riverina district, is expected to have a capacity of 450 MW. Under the planning approval granted by the NSW government in December 2018, this could be upgraded to up to 900 MW.
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Iberdrola has acquired the rights to Mount James wind farm in Queensland, Australia. The wind energy project covers more than 50,000 hectares of land and has completed its environmental studies. Reportedly, Mount James, in North Queensland, is said to be the world’s largest onshore wind farm, with a capacity of 1 GW.
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Macquarie Infrastructure and Real Assets (“MIRA”) has raised more than €1.6 billion for investment in renewable energy against its initial minimum fundraising target of €1 billion. The company has reached the final closure of its 25-year closed-end fund, Macquarie Green Investment Group Renewable Energy Fund 2 (“MGREF2”). MGREF2 will invest in a diversified portfolio of operational and under construction solar and wind power projects as well as clean energy platforms.
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Real Energy’s hydrogen division Pure Hydrogen has signed a binding agreement with Liberty Hydrogen to establish a joint venture company that will develop four large-scale hydrogen projects in Australia. These large-scale hydrogen manufacturing and distribution hubs are planned to be developed on Australia’s East Coat – Project Jupiter (Gladstone) and Project Mars (Mackay) in Queensland, Liberty North (Newcastle) in New South Wales and Liberty South (South East Victoria) in Victoria.
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Origin Energy Limited, a leading Australian integrated energy company, has issued an Expression of Interest to select a suitably qualified firm to supply and install a large-scale battery at Eraring Power Station in New South Wales. This battery would have an overall capacity of up to 700 MW and a dispatch duration of 4 hours.
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Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.
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Australia’s largest renewables project has got a step nearer after being recommended for approval by the Environmental Protection Authority (EPA) of the state of Western Australia. The Asian Renewable Energy Hub (Areh), which could feature up to 15 GW of solar and wind generation capacity, would supply the Pilbara region and develop a green hydrogen manufacturing hub for domestic use and export to Asia.
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