Singapore-headquartered clean energy developer Vena Energy has raised AU$1.4 billion (US$970 million) in green finance to support 614MW of solar PV capacity and 1,141MWh of battery energy storage systems (BESS) in Australia.
A lot of work and thought still needs to go into maximising the potential for co-location of solar and BESS technology, panellists at the Clean Power 2030 Summit said yesterday (30 June).
French independent power producer (IPP) Neoen has been awarded a 20-year capacity services contract for its 200MW/1,600MWh energy storage project in Ontario.
Three massive BESS projects have been launched in Europe: BW ESS has broken ground on a 1GW/5.7GWh system in Germany, while Greenvolt and Giga Storage have enlisted suppliers (BYD and Tesla) for 2.4GWh and 2.8GWh projects in Poland and Belgium.
The rising costs of coal and gas mean that the adoption of renewable energy is a “survival issue” for countries in Southeast Asia, and energy storage is critical to the transition.
Australian AI infrastructure developer Firmus Technologies has signed a 12-year wholesale energy supply agreement with Gunvor Group, including 1.5GWh of battery storage by 2032.
EnBW and VPI have launched construction on large-scale BESS projects in Germany, while Elements Green and Eku Energy have agreed supply and acquisition deals respectively for separate 400MW/1,600MWh projects.
Axpo and e-Storage have partnered on a BESS in southern Italy, RES Group has signed a full-scope battery asset management agreement in Sweden, while R.Power has agreed to sell a Poland BESS project to Engie.
