The New South Wales government has formalised its decision to double the size of Australia’s first coordinated renewable energy zone, boosting its capacity to 6 GW of solar, wind and storage in a move designed to better cater for the state’s future energy as it transitions from coal and gas to a renewables-based grid.
Australian battery and renewable energy developer Akaysha Energy continues to expand its energy storage portfolio, announcing that it has reached a final investment decision on a 205 MW / 410 MWh battery being developed in southeast Queensland.
Ark Energy’s 275 MW/2,200 MWh lithium-iron phosphate battery to be built in northern New South Wales has been announced as one of the successful projects in the third tender conducted under the state government’s Electricity Infrastructure Roadmap. The Richmond Valley Battery Energy Storage System will likely be the biggest eight-hour lithium battery in the world when it is completed.
Australia’s largest battery with grid-forming inverter capabilities is set to go ahead with energy major AGL announcing a final investment decision on a 500 MW, two-hour duration battery being developed in the New South Wales Hunter Valley.
Five energy infrastructure projects representing 750 MW of renewable energy generation and 524 MW/4,192 MWh of long-duration storage have been successful to the New South Wales government’s latest tender round as it prepares for the exit of coal-fired power generation from the state’s electricity grid.
The Capacity Investment Scheme South Australia-Victoria tender is now open for bids. Renewable energy storage projects must be located in either of the states and have a minimum storage duration of two hours and a minimum size of 30 MW.
Construction of Perth-based minerals company Australian Vanadium Limited’s first commercial vanadium battery electrolyte manufacturing plant has been successfully completed as part of the company’s broader value-adding vision.
Australia’s independent energy markets and power systems operator has warned urgent investment in generation, firming and transmission is needed with forecasts showing the National Electricity Market needs to almost triple its installed capacity in less than 30 years.
Philippines-based energy company ACEN Corporation plans to bolster its renewable energy initiatives in Australia after sealing a $75 million green term loan facility that will help fund the delivery of an 8 GW portfolio of solar, wind, battery storage and pumped hydro projects.
Tunnelling has restarted on a troubled section of the largest renewable energy project under construction in Australia after the New South Wales government issued new environmental approvals to Snowy Hydro.
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