French independent power producer (IPP) Neoen has secured AU$1.4 billion (US$890 million) in capital to help fund energy storage and solar PV projects in Australia.

French independent power producer (IPP) Neoen has agreed to sell its operational and development projects in Victoria, Australia, including the 350MW/450MWh Victorian Big Battery, for AU$950 million (US$610 million).

Multinational utility and IPP Engie, has penned a virtual battery offtake agreement with developer Neoen for a portion of its Victorian Big Battery.

Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.

French independent power producer Neoen confirmed that stage one of the 219MW/877MWh Collie battery energy storage system in Western Australia has been completed.

Aura Power-ib vogt JV, along with Neoen, have recently submitted applications with the Alberta Utilities Commission to construct three projects with a 425MW/1,250MWh cumulative battery storage capacity.

Australian energy major AGL Energy and Neoen have signed a 10-year “virtual battery” contract to build a second 270MW/540MWh battery energy storage system (BESS) at the Western Downs Battery project in Queensland, Australia.

French independent power producer Neoen has achieved a key milestone in the development of its 200MW/400MWh Blyth grid-forming battery energy storage system (BESS) in South Australia.

Global investment group Brookfield intends to acquire French renewables and energy storage developer and independent power producer (IPP) Neoen.

IPP Neoen has launched construction on the the second phase of its Collie BESS project in Western Australia, following a capacity services contract award.