Investor Lyon Group partners with China Huadian to scale up push into Asia

LinkedIn
Twitter
Reddit
Facebook
Email
Lyon Group has already been prolific in bringing renewables-plus-storage to market in Australia. Image: Lyon Group

Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.

The deal will see the two companies focus on specific battery storage retrofit opportunities in China and two other, as-yet-unnamed Asian markets.

Furthermore, it will expand on China Huadian’s bid to co-develop, purchase, finance and constructed integrated solar-plus-storage projects throughout Australia belonging to Lyon, with China Huadian acting as the lead EPC contractor.

New additions to the partnership include the integration of long-duration battery storage into both new and existing China Huadian projects in China and other Asian markets, as well as the development and acquisition of new and existing renewable power projects, including solar.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The deal will expand on existing arrangements both companies have with Japanese utility JERA. Lyon announced a joint-venture with JERA and energy storage specialist Fluence earlier this year, specifically targeting the Asia-Pacific region.

David Green, chair at Lyon, said that both China Huadian and JERA had turned to Lyon as a result of understanding that just continuing to deploy more “inflexible” renewable generation was “destabilising” and “not commercially sustainable”.

“China Huadian has big plans for solar and wind development but the significant curtailment and grid disturbance they have experienced to date shows that the volume of renewables they want to build will deliver greater benefit, both technically and commercially, with integrated storage.”

“Lyon’s integration of long-duration battery storage with power generation creates flexible, stable power stations that deliver predictable, dispatchable clean power. This reduces investment risk,” he said.

Lyon has been prolific in bringing solar and storage projects to market in its native Australia, and in November 2017 sold off nearly 800MWh of storage and 545MW of solar PV capacity, the proceeds from which were due to help pursue a new development pipeline.

This article first appeared on our sister site, PV Tech.

Read Next

September 17, 2025
China has published a national plan to promote large-scale energy storage facilities, encouraging investment and broader participation in the electricity market.
September 17, 2025
Chinese PV module manufacturer Trina Solar has received the green light from the Victoria government in Australia to build a 500MW/1,000MWh battery energy storage system (BESS).
September 17, 2025
Australia’s Capacity Investment Scheme (CIS) has awarded 4.13GW/15.37GWh of battery storage capacity in its third tender round, exceeding initial targets and attracting 135GWh of bids.
Premium
September 16, 2025
Chinese energy storage companies active in the US face an uncertain future as federal policies encourage moves to reduce their supply chain involvement.
September 16, 2025
Ignitis Group and Olana Energy have progressed BESS projects in Lithuania closer to construction, with the order of equipment and final investment decision (FID) taken, respectively.

Most Popular

Email Newsletter