Transgrid has completed a three year build of the largest substation in the Southern Hemisphere, rubber-stamping grid reliability and the sharing of renewable energy across three states linked by its Project EnergyConnect.
Transgrid has confirmed the cost of the New South Wales section of Project EnergyConnect has climbed to $3.6 billion, well above the $1.82 billion price tag that was originally approved.
The 900-kilometre EnergyConnect transmission project, that will link the energy grids in South Australia, Victoria and New South Wales and support the renewable energy build-out, has achieved two major milestones including progress on the project’s main substation hub.
Debt financing services from Bank of China, Commonwealth Bank of Australia, and Westpac, have brought the first 400 MW stage of the New England Solar Farm to financial close, a massive milestone for massive hybrid project.
Australia’s utility-scale solar is not untouchable. In a major win for the country’s clean-energy sector, UPC\AC Renewables yesterday announced the appointment of an EPC for the first phase of its 720 MW New England Solar Farm and colocated potential 400 MW battery energy storage system.
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