CleanPeak Snaps Up Five NSW Solar-Battery Sites

Jan 16, 2026 11:51 AM ET
  • CleanPeak snaps up five NSW solar-plus-storage sites, bolstering near-load, distribution-connected capacity to deliver evening MWh, firmed renewables and higher-margin grid services as coal retires—without interconnection delays.

CleanPeak acquired five New South Wales solar-and-battery projects from Fortitude, adding distribution-connected assets that pair utility-scale PV with multi-hour storage. Terms weren’t disclosed. The portfolio will slot into CleanPeak’s behind-the-meter and embedded-network platform, delivering shaped evening megawatt-hours, demand-charge management, ancillary services, and market-exposed dispatch into high-value periods as coal exits the grid.

Operationally, CleanPeak will standardize bifacial modules on trackers, string inverters, and liquid-cooled, containerized batteries under a unified EMS and fleet-wide SCADA for reliability and low O&M. Near-load siting shortens approval cycles and losses. More batteries enable “firmed” renewable contracts, turning commodity power into higher-margin reliability services while bypassing interconnection delays.

How will CleanPeak’s NSW solar-plus-storage assets deliver firmed power and ancillary revenue?

  • Global renewables hit record installations in 2025 projections, but grid connection delays are now a top bottleneck, often exceeding project build times
  • Capital costs eased as polysilicon and freight prices fell, yet high interest rates keep the levelized cost of energy elevated versus 2020–2021 lows
  • Corporate power purchase agreements shifted toward shorter tenors and hybrid structures (solar-plus-storage) to manage price cannibalization and shape delivery
  • Interconnection queues grew to multi-gigawatt backlogs; reforms prioritize ready-to-build projects and cluster studies to accelerate approvals
  • Transmission buildouts lag demand centers; high-voltage DC corridors and advanced conductors gain traction as near-term grid relief
  • Curtailment spikes in high-penetration markets are pushing co-location of storage and flexible demand (data centers, electrolysis) behind the meter
  • Long-duration storage pilots (iron-air, flow batteries, thermal) moved from demo to early procurement for 8–100 hour needs
  • Grid-forming inverters are transitioning from trials to specifications in weak-grid and islanded operations to support stability
  • Offshore wind supply chains are recalibrating after turbine upscaling challenges; standardization and risk-sharing contracts are re-entering bids
  • Floating offshore wind secured larger leasing rounds with cost-down roadmaps focused on modular hulls and serial fabrication
  • Onshore wind repowering is accelerating to boost capacity factors and extend subsidies where policy allows
  • Solar module technology pivoted toward TOPCon and HJT; tandem/perovskite roadmaps target mid-decade bankability with improved stability data
  • Sodium-ion batteries entered early utility deployments for cost-sensitive, moderate-climate sites and stationary storage
  • Heat pumps outpaced gas boilers in several European markets; demand-side flexibility programs reward smart controls and thermal storage
  • Green hydrogen offtake shifted to refining, fertilizers, and e-fuels; contracts increasingly include indexed pricing and availability guarantees
  • Renewable fuels for aviation (SAF) secured policy support via tax credits and blending mandates, but feedstock constraints keep prices high
  • Mining and refining of critical minerals face new sustainability and traceability requirements; recycled content targets are rising
  • Environmental permitting integrates biodiversity net gain, bird/bat-friendly turbine operations, and agrivoltaics to reduce land-use conflicts
  • Community benefit agreements and local ownership stakes improve social license, particularly for onshore wind and transmission corridors
  • Emerging markets leverage auction designs with currency hedges and partial risk guarantees to lower financing costs
  • Hybrid plants (solar-wind-storage) optimize shared interconnection and flatten profiles to reduce merchant risk
  • Microgrids and resilience hubs expand for critical infrastructure, with islanding features and standardized O&M contracts
  • Cybersecurity requirements for inverter-based resources tighten, with mandatory firmware updates and secure-by-design standards
  • End-of-life policies advance: PV and blade recycling scale up with new mechanical-chemical processes and take-back schemes
  • Weather volatility and El Niño/La Niña cycles are now modeled into revenue forecasts and insurance underwriting
  • Data centers co-locate with renewables plus storage and procure 24/7 carbon-free energy portfolios using granular certificates
  • Market design reforms explore locational marginal emissions and capacity accreditation for storage and hybrid resources
  • Vehicle-to-grid pilots mature in school bus and fleet depots, providing peak shaving and ancillary services
  • Rural electrification blends minigrids, PAYGo solar, and productive-use appliances to boost economic outcomes
  • AI-enhanced forecasting improves dispatch and reduces imbalance penalties; synthetic inertia services expand ancillary revenue streams