Australian renewable power Edify Energy has formally introduced that its high-profile 150MW / 300MWh battery storage system has accomplished its financing. The project might be utilizing Tesla Megapack batteries, and will probably be situated in New South Wales (NSW).
The battery storage system might be comprised of three separate partitions; the 60MW / 120MWh Riverina Energy Storage System 1 (RESS 1); the 65MW / 130MW Riverina Energy Storage System 2 (RESS 2); and the 25MW / 50MWh Darlington Point Energy Storage System (DPESS).
The large Tesla Megapack farm is groundbreaking in some ways. According to a press launch, the project lands a first-time battery asset transaction within the Australian market with Federation Asset Management as the bulk proprietor. It additionally brings collectively the Commonwealth Bank of Australia (CBA), Westpac, and DNB within the provision of a long-term syndicated debt facility. It is supported by offtake agreements with Shell Energy and Energy Australia as nicely.
The Riverina and Darlington battery farms could be among the many most superior battery methods within the National Energy Market, as they’re geared up with grid-forming inverters which can be able to working in “virtual synchronous generator” mode. This permits the Megapacks to function in a way that’s similar to a standard generator, offering essential system power providers within the area.
Edify Chief govt John Cole has shared his pleasure concerning the Tesla Megapack farms. According to Cole, the battery storage initiatives ought to make Edify one of many leaders in Australia’s frontline of innovation within the sustainable power sector.
“We have lengthy been believers of harnessing the complete functionality of energy electronics and getting ready for a 100% renewables-based grid. It is thrilling for Edify to be delivering one other ‘first in market’ facility. In this occasion, we’re utilizing the mixture of the dispatchable properties of batteries with a new classic of grid-forming inverter management methods to create a generator that may present energy system assist providers, which have historically been supplied by thermal synchronous mills.
“It is testament to the capabilities of the Edify team that we have obtained approval from AEMO and TransGrid to operate the batteries in ‘virtual synchronous generator’ mode from the commencement of commercial operations. This facility is providing load and additional strength to the grid in an area where both add a lot of value. Edify will continue to advance to a 100% renewable future with the confidence of a stable, reliable power system,” Cole mentioned.
With the financing of the battery farms accomplished, the Riverina and Darlington Megapack farms may now be constructed. Construction of the battery farms is predicted to begin within the close to future, with Tesla Motors Australia underneath contract to ship the power. The battery installations are anticipated to be accomplished in levels throughout the first half of 2023. When accomplished, the 150MW / 300MWh Megapacks are anticipated to be able to powering about 40,000 properties within the space for 2 hours.
Edify’s press launch may be seen beneath.
FINAL RESS DPESS Financial Close Press Release 14 June 2022 by Simon Alvarez on Scribd
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Australia’s new giant Tesla Megapack battery project completes project financing & More Latest News Update
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