Australia’s national Clean Energy Finance Corporation (CEFC) has said it will commit AU$50 million (US$34.14 million) to help fund expansion of landmark Hornsdale battery project in South Australia.
Neoen, the French developer which partnered with Tesla on the 129MWh large-scale battery at Hornsdale Wind Farm, South Australia, wants to build an energy superpark in the state that comprises 1.2GW of wind, 600MW of solar and 800MW of battery storage capacity.
Australia’s energy and environment minister has hailed the country’s accelerating residential energy storage sales as a report has emerged from Chief Scientist Dr Alan Finkel which says the “financial equation is straightforward” for adding batteries to home PV systems.
One of the final acts in office of outgoing South Australia Premier Jay Weatherill, whose Labor Party was voted out in elections last week, appears to have been inking a deal for another 100MW+ lithium battery facility.
