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.

Construction has started at the 600MW/1,600MWh Melbourne Renewable Energy Hub (MREH), one of the largest energy storage projects in Victoria, Australia.

Planning approval has been given for Waratah Super Battery in Australia to help fill gap in energy supply from a retiring coal power plant.

Second Renewable Energy Target auction held in Victoria, Australia, won by six solar PV projects, four of which include battery storage.

Neoen saw its energy storage revenues triple in the first half of this year, driven by its Victorian Big Battery in Australia.