Tag: australia solar

Australia to remain an attractive investment hotspot for renewables

Australia to remain an attractive investment hotspot for renewables

April 11, 2021 |

Both domestic and foreign investors point to a slightly more favourable outlook for state versus federal policy, APAC-based investors in particular (96%). European investors are the notable exception with 66% expecting state policies to be supportive versus 81% for federal policies. Australia-based investors are marginally less positive about government support than they were in the previous survey with 91% anticipating supportive policies from state government and 85% from federal government, versus 90% overall (federal and state) in the 2019 study.

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Sun Cable plans to construct factory to supply world’s biggest solar + storage project

Sun Cable plans to construct factory to supply world’s biggest solar + storage project

April 1, 2021 |

Singapore-based manufacturer, Sun Cable has applied with the Development Consent Authority of Australia’s Northern Territory to build a facility that will manufacture Maverick solar array systems, designed by 5B. Sun Cable plans to build the manufacturing facility in East Arm Business Park in Darwin, which is close to the city’s port. Sun Cable reports that the construction of the project will begin immediately after financial close in October 2023, with commercial operations to begin in 2027.

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