Rystad Energy has released analysis of the federal government’s Solar Sharer scheme saying forecast increased demand from utility and household batteries and a slowdown of rooftop solar could boost utility renewables and coal via increased daytime demand, but impact gas and utility batteries.
TrinaSolar division, Trina Storage and Pacific Green Energy Storage have entered a memorandum of understanding to deliver up to 5 GWh of grid scale battery energy storage systems (BESS).
Akaysha Energy has closed $460 million construction financing for its 311 MW / 1,244 MWh Elaine BESS in Victoria, where works have also begun, with financing underpinned by a 15-year virtual tolling agreement with Snowy Hydro.
United Kingdom energy storage developer Eku Energy has been granted development approval by the Victorian government for its 300 MW / 1,200 MWh Tramway Road battery project in the southeastern Gippsland region of the state.
The hybrid 322 MW / 1 GWh Meadow Creek Solar Farm and utility battery has secured planning and environmental approvals from the Victorian government despite community opposition from the Rural City of Wangaratta.
This newly announced project will be its ninth BESS site in Australia, bringing the company’s total Australian capacity to 1.5 GW/5.5 GWh.
The high-voltage grid transmission operator said the condensers will be deployed at five strategic sites across New South Wales.
Singapore’s Equator Renewables Asia (ERA) and China’s CRE International Co. Ltd (CREI) will jointly develop a 900 MW solar and 1.2 GWh battery project in Indonesia, with 400 MW (AC) slated for export to Singapore.
Australia is the third-largest market worldwide for large-scale energy storage by capacity and is blitzing the field in per capita battery storage installations, with more than 1 GWh per million people – double that of nearest rival the United Kingdom.
A new First Nations Clean Energy Network in collaboration with Ernst and Young report recommends investors in clean energy projects in Australia accelerate and enjoy the value add-ons and economic benefits that partnering with First Nations groups can bring.
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