Neoen SA has reached halfway mark in the construction of its 300 MW/450 MWh Victorian Big Battery near Geelong, the biggest battery storage project in Australia once commissioned.
Victorian transmission company AusNet Services has also energized both transformers which will connect the Victorian Big Battery to the grid.
The project is expected to be operational by the summer of 2022. Financing of the Victorian Big Battery was completed just three months after Neoen secured a 250 MW grid services contract with the Australian Energy Market Operator (AEMO). The project will be funded by a combination of equity provided by Neoen and an AUD160 million (US$124 million) senior debt facility provided by the Clean Energy Finance Corporation (CEFC), on behalf of the Australian Government.
Country updates
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July 16, 2021
Vortex Energy achieves US$200mn first close for its fourth Energy Fund
Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has reached a first close of US$200 million (including a US$25 million conditiona...
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July 07, 2021
AFE signs MoU with Itochu Corp for the Gladstone Energy and Ammonia Project
Australian Future Energy (AFE) has signed a Memorandum of Understanding (MOU) with ITOCHU Corporation (ITOCHU) for the development of the Gladstone Energy and Ammonia Project (GEAP). The A...
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July 01, 2021
Mott MacDonald, GHD win engineering job for 250 MW Kidston pumped storage hydro project (K2-Hydro) in Queensland
Mott MacDonald and GHD have been appointed to deliver engineering services for the design of the 250 MW Kidston Pumped Storage Hydro Project, for the McConnell Dowell, John Holland Group joint venture...
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July 01, 2021
CIP reaches EUR800 million first close on its fund in Denmark
Copenhagen Infrastructure Partners (CIP) has reached the first close of EUR800 million (USD950.2 million) on its new fund, CI Energy Transition Fund I (CI ETF I) in Denmark.
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July 01, 2021
Risen Energy secures debt financing for 103 MW Yarranlea solar park in Queensland
Risen Energy Australia, a unit of Risen Energy Co., Ltd., has closed the senior debt financing for the 103 MW solar project in Australia from Infrastructure fund manager Infradebt. Th...
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