Subscriber Login

Asia-Pacific News

Australian private developers plan for 28 MW/56 MWh battery project [free access]

December 28, 2020

A Sydney-headquartered private investment firm, Precinct Capital and renewable energy and storage developer Edify Energy have formed a joint venture (JV) to undertake a 28 MW/56 MWh battery energy storage project.

 

The consortium plans on locating the battery in Newcastle, in the Hunter region of New South Wales in Australia. The battery will be built on a 1.5-acre site in Steel River Estate – an industrial precinct in which Precinct Capital owns land. The project will help balance the local electricity grid and maintain reliability while accommodating growing shares of renewable energy. The project also aligns with coastal City of Newcastle’s Climate Action Plan (CAP) objectives which include transitioning to 100 per cent renewable energy within five years. It will also be a first-of-its-kind project for the region.

 

Construction on the battery project could be completed within six to eight months once the work commences, after attaining necessary approvals.