Developer Atmos Renewables has successfully achieved financial close on its 400MWh Merredin battery energy storage system (BESS) in Western Australia.

The Australian government is set to cut CIS tender process times to around six months as a 576MWh solar-plus-storage site has been approved in Tasmania.

2.6GWh of utility-scale battery energy storage projects have been successful in Western Australia’s first Capacity Investment Scheme tender.

Thimo Mueller of AEMO Services, believes the value of energy storage in Australia will be higher than investor expectations.

A 1,200MWh solar-plus-storage twin project is set to be developed in North Queensland, Australia, after success in the recent Capacity Investment Scheme (CIS) tender.

With the opening of the Capacity Investment Scheme (CIS) tender 3 in Australia last Wednesday (13 November), one major question from the state allocations presented in the market briefing was why Queensland had been granted no capacity.

Victoria, Australia, has secured the largest allocation of dispatchable power in the upcoming Capacity Investment Scheme (CIS), with 1.7GW/6.8GWh for energy storage.

Australia’s energy minister, Chris Bowen, confirmed yesterday (21 October) that the government is seeking around 4GW of dispatchable power, such as energy storage, and 6GW of renewable energy generation in the next Capital Investment Scheme (CIS) tender round.