Solis RE in Australia has proposed to build a 550 MW solar project with 550 MWh of battery storage capacity in Wellington Shire, state of Victoria called "Gippsland Renewable Energy Park".
The total investment for the project is expected to be AUD 1.28 billion(US$866.42 million). The initial funding was provided by the local investors.
The project will consist of three sites on a total area of 863 ha (2,133 acres) and will be built in demand-driven stages. The exact location of the sites has not been announced, but they will be on marginal dry farm land away from townships.
The first stage of the project will feature a 50 MW solar plant with 50 MWh of energy storage. The estimated investment of this stage is AUD125 million (US$85.7 million). Site 1 will be linked to the National Energy Market, with the connection agreement and planning approval targeted for March 2020. Sites 2 and 3 will feature 250 MW solar park with a 250 MWh battery storage facility each.
Solis RE hopes to complete the project within three to four years.
The project is in the planning process stage at the moment after positive discussions about the planning approval with the Wellington Shire Council.
Chief executive of Marathon Electrical said the project could make Wellington Shire "the renewable energy hub of Victoria". The project also addresses the commitment of the Government of Victoria to reach 50 per cent renewable target by 2030.
UPC\AC Renewables Australia, the partnership between AC Energy, the subsidiary of Philippines´ Ayala Corp. and UPC Renewables of Australia, is acquiring a 51-percent interest in a 250 MW Baroota Pumped Hydro and a 300 MW Bridle Track Solar Farm projects in South Australia.
Read more
A 310 MW hybrid renewable energy project proposed by Neoen has been given the approval by the South Australia state government. Located around 23 km southeast of Port Pirie and 3 km north of the town of the same name, Crystal Brook Energy Park will be a 24/7 renewable energy generation facility.
Read more
Global wind energy leader Vestas has acquired the 700 MW Winterbourne Wind Farm from Walcha Energy. Walcha Energy is a partnership between MirusWind and Energy Estate. Winterbourne Wind Farm is the firsts stage of 4GW Walcha Energy Project which will combine wind and solar energy generation with pumped hydro storage and other storage options. The project is located around the town of Walcha in the New England tablelands, approximately 55km south of Armidale, New South Wales.
Read more
Total Eren, a leading renewable energy Independent Power Producer ("IPP") based in Paris, is pleased to announce the Financial Close for its Kiamal Solar Farm with the support of a group of Australian and European financial institutions, namely ANZ, ING, and Natixis. Additionally, the Clean Energy Finance Corporation (CEFC) entered the project by taking a minority equity stake.
Read moreAGL has announced that it had secured the right to develop, own and operate a 250 megawatt pumped hydro energy storage project at Hillgrove Resources Limited’s Kanmantoo copper mine in South Australia’s Adelaide Hills region.
Read more