Pumped Hydro

The Australian Renewable Energy Agency (ARENA) announced last week that it would provide up to $40 million in funding to fast-track a Pumped Hydro Energy Storage (PHES) project in South Australia. ARENA is conscious of the need to store South Australia’s fast-growing renewable generation fleet.

AC Renewables, the energy arm of Philippines’ Ayala Corp, and Australia’s UPC Renewables have agreed to buy 51% in a 250 MW pumped hydro project and a neighboring 300 MW solar project, both located in South Australia.

After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.

As it transitions from a wind-dominated renewable energy mix to include a wider range of energy options such as large-scale PV, pumped hydro and battery storage projects, South Australia is considering new planning policies.

The Queensland government’s reverse auction got a step closer with the announcement of 10 shortlisted renewable energy proponents as it seeks to bring up another 400 MW of solar and wind energy and battery storage into the market.

Australia’s first large-scale project to use pumped hydro to store solar generated power, the Kidston facility in north Queensland, has landed a $610 million loan from the Federal Government’s the Northern Australia Infrastructure Facility (NAIF).

Increased storage and strategic transmission development will be needed to ensure the lowest cost and risk transition of Australia’s energy system, the Australian Energy Market Operator states in its latest study. In 20 years time, the need for storage will be at a scale not seen before in the NEM, and both pumped hydro storage and distributed storage are set to play major roles in lowering wholesale electricity prices and building a reliable and resilient power system.

Walcha Energy – a joint venture between Australian developers Energy Estate and Mirus Wind – has lodged the scoping report with the NSW planning authorities for a 700 MW solar farm, a 100MW/150MWh battery and its plans for a renewable energy hub at Uralla.

Japan’s J-Power will invest up to $25 million in the Sydney-based publicly listed renewables developer. The investment will underpin the construction of Genex’s landmark pumped hydro project in northern Queensland.

Australia’s biggest power producer has secured the right to develop, own and operate a massive pumped hydro energy storage project at Hillgrove Resources’ Kanmantoo copper mine in South Australia’s Adelaide Hills region.