Flow Power has entered into a foundational offtake agreement with Octopus Australia for the Blind Creek solar farm and battery energy storage system (BESS) project in Australia. The project is located in Bungendore, New South Wales, and comprises 300 MW of solar capacity with a BESS of 243 MW/486 MWh. It is being developed in collaboration with local landholders under an agri-solar framework.
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Lightsource bp has announced the sale of its Australian solar portfolio to Aula Energy. The transaction covers five operational solar projects with a combined capacity of 1,037 MWdc. The assets included in the portfolio are the Wellington, Wellington North, West Wyalong, Woolooga, and Wunghnu projects. The projects are located across New South Wales, Queensland, and Victoria.
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NHOA Energy, along with EnergyAustralia and Enerven, have announced the official launch of a 245 MWh battery energy storage system (BESS) in Hallett, South Australia, following financial close and the project’s transition into the delivery phase. The Hallett BESS is owned and developed by EnergyAustralia near the town of Canowie, and is being deployed adjacent to the existing Hallett gas-fired power station.
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Revera Energy, an independent energy infrastructure platform backed by Carlyle, has completed the expansion of its credit facility to $150 million. The expanded facility is intended to support the development and construction of battery energy storage system (BESS), solar, and green hydrogen projects in pipeline across Australia’s National Energy Market (NEM) and UK.
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AEMO Services Limited (ASL), a subsidiary of the Australian Energy Market Operator (AEMO), has awarded long-term energy service agreements to six battery energy storage system (BESS) in New South Wales through Tender Round 6. All six projects are based on lithium-ion technology, with storage durations ranging from 8.7 hours to 11.5 hours. The projects together account for 1,170 MW of capacity and 11.98 GWh of storage.
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Neoen has inaugurated 412 MW Goyder South wind farm in South Australia. The project, located near Burra in South Australia’s Mid North region on the lands of the Ngadjuri Nation, was constructed in two stages with a total of 75 turbines. The wind farm supplies energy under three long-term power purchase agreements (PPAs). It is expected to produce approximately 1.5 TWh of electricity annually.
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The Australian Renewable Energy Agency (ARENA) has launched the second round of its Hydrogen Headstart programme, allocating up to $2 billion to accelerate the development of large-scale renewable hydrogen projects across the country. This round builds on the outcomes of the first phase and focuses on supporting projects that address key use cases and strategies to lower renewable hydrogen production costs over time.
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Australia’s Minister for Climate Change and Energy has announced the results of Tender 4 under the Capacity Investment Scheme (CIS), which aims to support the national renewable energy target of 82 per cent. A total of 20 projects were selected with a cumulative capacity of 6.6 GW, exceeding the initial plan of 6 GW. Of these, 12 hybrid projects integrating wind or solar with battery storage contribute over 3,500 MW.
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EDF has successfully completed its first Kangaroo senior bond issuance in Australia, raising AUD 1 billion through two tranches. The issuance included AUD 500 million with a 10-year maturity carrying a 5.636 per cent fixed coupon, and another AUD 500 million with a 20-year maturity at a 6.627 per cent fixed coupon. The bonds are expected to be rated BBB by S&P, Baa1 by Moody’s, and BBB+ by Fitch.
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Atmos Renewables has acquired a majority stake in the 316 MW Hornsdale wind farm in South Australia from Neoen.The company previously held minority interests across the three stages of the project and will assume full ownership and control following the transaction. Reportedly, the settlement is expected in the latter half of 2025, subject to customary conditions precedent. The wind farm has been operational since 2017.
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DP Energy will be developing the Windy Plains Renewable Energy Park in Queensland. The project will combine around 197 wind turbines with an installed capacity of up to 1,400 MW. It will also be supported by battery energy storage systems of around 500 MW/2000 MWh. Furthermore, the project is currently under the project feasibility stage. Environmental, cultural heritage, and technical assessments of the project are underway.
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Envision Energy and FERA Australia have inked an agreement to develop large-scale hybrid renewable energy projects across Australia’s National Electricity Market (NEM). The projects will have the potential to deliver upto 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. The partnership between Envision Energy and FERA Australia will launch with a pilot project in Victoria
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The Australian Renewable Energy Agency (ARENA) has launched a AUD 60 million funding round for research and development (R&D). The R&D is to discover innovative solutions for ultra low-cost solar. The funding reflects ARENA’s ambition for innovation in solar PV and will focus on six areas across two streams. The first stream covers cells and modules, while the second stream covers balance of systems, operation and maintenance.
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Gamuda Bhd (Gamuda) has inked an agreement with the Downie family to co-develop a portfolio of large-scale renewable energy projects in Central Tasmania, Australia. Under the agreement, Gamuda will take an unspecified equity stake in the portfolio. The portfolio has a combined capacity of 600 MW of wind and solar energy and up to 600 MW of battery storage. Reportedly, the project costs have not been disclosed.
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EnergyAustralia has partnered with EDF power solutions Australia to co-develop and deliver the Lake Lyell Pumped Hydro Energy Storage project (LLPHES) in Lithgow. The LLPHES Project has the capability to produce 385 MW of reliable, dispatchable energy once it is developed. The energy produced will be sufficient to supply over 250,000 homes in New South Wales for up to eight hours.
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Metlen Energy and Metals (METLEN) has reached financial close on a refinancing of all its operating and under-construction assets in Australia. Furthermore, the financial close was reached with lenders, namely Deutsche Bank, Intesa Sanpaolo (IMI CIB Division), and Westpac Banking Corporation. Once operational, the solar portfolio will produce renewable energy of almost 1 TWh annually.
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European Energy has inked PPA with Amazon Australia to supply renewable electricity from solar parks in Australia. The agreement covers the Mokoan Solar Park and Winton North Solar Park in Victoria, as well as the Bullyard Solar Park in Queensland. The Mokoan Solar Park is already operational, while the Winton North Solar Park and Bullyard Solar Park are in the pre-construction procurement phase.
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ACEN Australia has concluded AUD 750 million portfolio debt financing for its operating renewable assets, along with financing for its new projects in Australia. This transaction will aid the financing of the company’s near-complete 400 MW Stubbo solar project in NSW. Furthermore, this transaction was supported by a group of 11 Australian and international lenders. Morgan Stanley and Macquarie Capital acted as joint financial advisors for the transaction.
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Copenhagen Infrastructure Partners (CIP) through its CI Energy Transition Fund I (ETF I) has secured AUD 814 million for the Murchison green hydrogen project in Western Australia. This financing has been secured through the Australian Government’s Hydrogen Headstart program. This green hydrogen project will produce approximately 1.8 million tonnes of green ammonia annually. It is located 20 km north of Kalbarri in the mid-west region .
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Akaysha Energy has inked a long-term offtake agreement with Gunvor Group for its large-scale battery energy storage system (BESS) project. The agreement includes a risk-hedging offtake product known as a battery revenue swap agreement which will ensure revenue certainty for the project. The project is currently under construction and is expected to begin operations by 2026. It will be able to charge from excess solar generation and store enough energy to power approximately 200,000 homes for up to two hours.
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