Transgrid

Transgrid and the Commonwealth Government have come to a $75 million underwriting agreement for the construction of the Victoria to New South Wales Interconnector West, a key piece of network infrastructure in the Australian Market Operator’s Integrated System Plan for the increased integration of renewables and maintaining reliability amidst the retirement of coal-fired power.

Following the early success of its solar integrated Gannawarra Energy Storage System, Edify Energy has again opted for Tesla Megapack as its preferred battery energy storage system for its combination of storage projects totalling 150MW/300MWh in the Riverina region of New South Wales.

Major construction work on the first new electricity interconnector to be built between Australian states in 15 years has commenced with transmission company ElectraNet confirming work has begun on the South Australian section of the $2.3 billion Project EnergyConnect which will link power grids across three states, potentially unlocking gigawatts of renewable energy projects in its path.

A proposed 900-kilometre electricity interconnector that will link power grids across three Australian states, unlocking gigawatts of new wind, solar PV and storage projects has progressed further with New South Wales network operator TransGrid confirming the Environmental Impact Statement for the project’s eastern section has been submitted.

Construction of a new $2.3 billion electricity interconnector that will link the South Australian and New South Wales energy networks is expected to commence early this year following the South Australian Government’s approval of the project’s Environmental Impact Statement.

Following approval from the Foreign Investment Review Board in November, the long-awaited sale of grid-operator Spark Infrastructure to a North American consortium led by private equity giant Kohlberg Kravis Roberts has been completed via a $5.2 billion “all-cash transaction”.

Spark Infrastructure looks set to be sold off with the Foreign Investment Review Board giving its tick of approval for a North American consortium led by private equity giant Kohlberg Kravis Roberts to acquire the Australian electricity network operator.

Australia’s first coordinated renewable energy zone is to be built in the New South Wales central west with the state government revealing the Central-West Orana REZ, which will deliver at least 3 GW of renewable energy into the grid, has been formally declared.

Brett Redman, the former CEO of Australian energy utility AGL has been named as the new chief executive officer at electricity network operator Transgrid.

Nothing if not critical, the 900 km renewable energy transporter is inching towards shovel time. This weekend ElectraNet awarded transmission and substation contracts for South Australia’s piece of the electron super highway to Australia’s National Electricity Market.