Three developers have secured debt and equity for solar PV, wind and battery storage projects across Australia and New Zealand.

Neoen Australia has commenced construction of a 227MW/907MWh grid-forming battery storage system in South Australia.

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.

French independent power producer (IPP) Neoen Australia has begun construction of a 215MW/963MWh battery energy storage system (BESS) at its 440MWp Culcairn Solar Farm in New South Wales, Australia.

Neoen Australia has signed virtual battery agreements with energy retailers Nectr and SmartestEnergy for Stages 2 and 3 of the Western Downs Battery in Queensland.

South Australia’s first Firm Energy Reliability Mechanism (FERM) tender has awarded agreements to six battery energy storage projects totalling 1,334MW and 5,336MWh.

Large-scale BESS projects have been progressed in Italy, Romania, Germany, Poland, Denmark and elsewhere in Europe, totalling around 1GW under construction, 1GWh soon to be, and another 1GWh at earlier stages.

The business model for battery energy storage systems (BESS) in the US is changing rapidly, according to industry experts who gathered recently to discuss revenue strategies and market conditions.

Neoen Australia has referred its 3,200MWh Bondo wind-plus-storage project for federal environmental assessment.

Engineering firm UGL is progressing the construction of two battery energy storage systems (BESS) in Australia, totalling 2,125MWh.