Australian renewable energy retailer Zen Energy has acquired an up to 111-MW/270-MWh battery energy storage project in South Australia from developer RES Group.
The Templers Battery Project will create Zen Energy’s first utility-scale battery in the Aussie state, the company said last week and committed to investing more than AUD 200 million (USD 133.3m/EUR 124.6m) in the scheme.
To be installed about 60 km (37.3 miles) north of Adelaide, the energy storage facility is due to become fully operational by the end of 2024 and support power deliveries to Zen Energy’s local customers. The system will also deliver grid-stability services to National Energy Grid.
Templers Battery is on track to complete financing arrangements in the second quarter of this year and enter construction shortly after. The project already has a grid-connection permit in place, with RES having run an efficient Generation Performance Standards (GPS) approval process in partnership with AEMO and ElectraNet.
Building works on the projects are expected to take around 15 months. “When it is commissioned in late 2024, the Templers battery will have the most storage capacity of the batteries in South Australia, and it will quickly followed by bigger batteries supported by Zen and others,” said Anthony Garnaut, CEO of Zen Energy.
(AUD 1.0 = USD 0.666/EUR 0.623)
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