Australian investment bank Macquarie Asset Management (MAM) has agreed to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI) in a deal worth up to US$1.73 billion.

The US Department of Energy (DOE) will guarantee a loan from U.S. Bancorp Impact Finance for a project pairing 15MW of solar PV with 70MWh of long-duration energy storage (LDES) on Tribal Lands in California.

Acen Australia’s 600MW Birriwa solar-plus-storage project in New South Wales has been granted federal approval from Tanya Plibersek, Australia’s minister for the environment and water.

The energy regulator of Grenada is seeking expressions of interest (EOI) for a solar or solar-plus-storage project at the Caribbean island nation’s main international airport.

Six energy storage projects, totalling 3,626MWh of energy, have secured support via the Australian government’s Capacity Investment Scheme (CIS).

The Clean Energy Council (CEC) of Australia has revealed that six large-scale energy storage projects totalling 573MW/2,047MWh reached financial commitment in the second quarter of 2024.

Australian energy major AGL Energy and Neoen have signed a 10-year “virtual battery” contract to build a second 270MW/540MWh battery energy storage system (BESS) at the Western Downs Battery project in Queensland, Australia.

The solar PV part of the Stampede project started producing power in June 2024, while the 86MW BESS is currently undergoing final commissioning.

Acen Australia has seen the New South Wales Independent Planning Commission (IPC) approve its 600MW Birriwa solar-plus-storage project.

The Board of Investments (BOI) in the Philippines has given a ‘green lane certificate’ for a solar and storage project slated as the largest in the world, enabling it to proceed at a quicker pace.