Victoria’s Labor government will hold a 650MW renewables auction and has awarded contracts for 138MW of large-scale solar plants to power Melbourne’s tram network.
UK developer Island Green Power (IGP) is to break ground on a trio of solar farms in Australia, while London-headquartered developer Eco Energy World (EEW) plans to build a 280MW solar farm near Bouldercombe in Queensland.
Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.
The Victorian government in Australia has confirmed plans to give a AU$ 0.30/kWh (US$0.23) payment to residential solar system owners that supply electricity to the grid during peak hours.
Northern Ireland-headquartered renewable energy firm DP Energy has received approval to develop a AU$680 million (US$519 million) major renewable energy park in South Australia involving wind and solar capacity.
Australia’s Victorian government has issued Green Bonds and raised AU$300 million (US$225 million) in order to finance various projects including a major renewable energy project.
The Victorian state government in Australia aims to fast-track connections to the grid for rooftop solar installations, under the impending National Electricity (Victoria) Further Amendment Bill 2015.
