The world’s biggest solar PV and storage project has suffered a setback after a Singapore electricity retailer which had lined up to be a foundation customer for the renewable energy generated by Australia’s $26 billion Sun Cable project announced it will cease operations amid a record-breaking spike in electricity prices.
The Australian-Singapore group behind a proposed 20 GW solar PV farm and 42 GWh battery energy storage project being developed in Australia’s remote far north has hinted other, similar-sized projects are already in the pipeline.
The world’s biggest solar PV and storage project is set to get even larger with the Singapore-based Sun Cable announcing it plans to increase the renewable energy generation and storage capacity of the $26 billion Australia-ASEAN Power Link being developed in northern Australia.
Work on the Jabiru Hybrid Renewable Project – featuring solar PV and battery energy storage – has achieved another milestone with project developer Energy Developments Limited confirming clearing works for the power plant being built in the World Heritage-listed Kakadu National Park are now complete.
The proposed 35 MW Darwin big battery has received a major financial boost with the Federal Government announcing it will provide $15 million for the project as part of a $30 million funding injection for electricity infrastructure initiatives in the Northern Territory.
While Treasurer Josh Frydenberg is putting the finishing touches on the Federal Budget, the Northern Territory Government has already rolled out its 2021-22 Budget and solar PV and battery storage are among its spending priorities with an extra $4.8 million invested in existing renewable energy schemes.
Australia’s only lithium mine outside of Western Australia, Core Lithium’s Finniss Lithium Project, has produced “battery grade” lithium hydroxide, which it hopes will place it at the “forefront” of lithium production for the global renewable energy and EV markets.
Sun Cable continues to progress plans for the world’s biggest solar+storage project, lodging a development application for the first phase of a solar module manufacturing and assembly facility to be constructed in Darwin.
Australian mining technology company TNG Limited has had its flagship Mount Peake Project, which includes production plans for vanadium redox flow batteries and green hydrogen, recognised as nationally signifiant.
Sun Cable’s ambitious $22 billion Australia-ASEAN Power Link, which would export solar energy from the Northern Territory to power Singapore, continues to shine bright with the Australian Government including the megaproject on its Priority Initiative List.
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