Tesla earns contract for world’s first solar, wind and storage project

October 20, 2017 by  
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Tesla has won its first contract with Vestas, the world’s largest wind turbine maker, to supply its Powerpack batteries for a project that combines solar power , wind power, and Tesla’s storage technology — the first of its kind in the world. The $160 million project is being managed by Windlab at the Kennedy Energy Park hybrid renewable energy site in North Queensland, Australia. Windlab recently announced that it has been granted funding by the Clean Energy Finance Corporation and the Australian Renewable Energy Agency and it has chosen Tesla, Vestas, and Quanta as its partners. The Tesla/Vestas project at Kennedy Energy Park will consist of 12 Vestas wind turbines , each with a height of 132 meters (433 feet), the tallest in Australia. Tesla’s battery storage technology is particularly helpful in places like Queensland, which boasts strong winds but only during certain times of the day. Tesla’s Powerpacks will allow the wind energy captured during the afternoon to be used throughout the day and night as needed. The project is expected to be completed in about a year and will be fully operational by the end of next year. When completed, the project is estimated to create 100 local jobs and will provide power for 35,000 Australian households. Related: Tesla is shipping hundreds of Powerwall battery systems to Puerto Rico “We believe Kennedy Energy Park will demonstrate how effectively wind, solar and storage can be combined to provide low cost, reliable and clean energy for Australia’s future,” said Roger Price, Executive Chairman and CEO of Windlab. “The broader adoption of projects like Kennedy can…ensure that Australia can more than meet its Paris Commitments while putting downward pressure on energy prices.” This most recent Powerpack news follows efforts by Tesla to bring its battery storage and micro-grid technology to the recovery efforts in Puerto Rico and elsewhere in Australia, in what is expected to be the world’s largest battery installation. Via Electrek Images via Tesla and Depositphotos

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Tesla earns contract for world’s first solar, wind and storage project

The real impact of impact investing

September 27, 2017 by  
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Finding the right balance between doing well and doing good in the investment space isn’t as simple as choosing a socially responsible fund.

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The real impact of impact investing

How satellite imagery is transforming conservation science

September 27, 2017 by  
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High-resolution earth imagery is enabling ecologists to more accurately account for wildlife populations, deforestation, illegal mining and other changes in the landscape.

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How satellite imagery is transforming conservation science

This quiet innovation is changing the world of plastic

September 27, 2017 by  
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Bunzl explores how conventional plastics are bending and adapting in a renewable direction.

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This quiet innovation is changing the world of plastic

New forest resilience bond blazes a trail

September 20, 2017 by  
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A public-private partnership can address this burning problem.

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New forest resilience bond blazes a trail

10 Minutes with Jackie Prince Roberts, Carlyle Group

September 12, 2017 by  
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On change management, diversity and — forest bathing?

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10 Minutes with Jackie Prince Roberts, Carlyle Group

5 ways city-focused climate funds drive efficient buildings

September 12, 2017 by  
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It’s a $290 billion opportunity in commercial buildings alone.

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5 ways city-focused climate funds drive efficient buildings

ESG is incomplete: An investor’s perspective

September 6, 2017 by  
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Here are three reasons a common approach fails — and the best investment questions to ask.

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ESG is incomplete: An investor’s perspective

Get ready for business unusual in the world of water

September 6, 2017 by  
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Fresh ideas for a circular future emerge from Stockholm World Water Week.

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Get ready for business unusual in the world of water

C40 mayors stand unified in fighting climate change

September 6, 2017 by  
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The U.N. network’s executive director, Mark Watts, advocates new effort to engage American cities as U.S. turns back on Paris Agreement.

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C40 mayors stand unified in fighting climate change

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