Equis becomes owner of USD-1.3 bn battery project in Victoria
- Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity.
Formerly referred to as the Melton Renewable Energy Hub, the plan was stemmed by Australian developer Syncline Energy in the summer of 2021. Following a 100% modification in possession, it is now called Melbourne Renewable Energy Hub (MREH), Equis said on Thursday without divulging monetary information concerning the investment.
To be located 25 kilometres (15.5 miles) northwest of Melbourne's commercial enterprise zone, MREH will certainly be a 1,200 MW/2,400 MWh battery-- the biggest one in Australia and also Asia. The preliminary plan for the project envisaged a battery of 600 MW/2,400 MWh.
The suggested complicated has been made as 6 different facilities that will be hooked to the National Electricity Market (NEM) via their very own connection factors. The capacity will certainly be set up in two stages of 600 MW each, the very first one of which is prepared to go into building and construction in 2023 and become operational in the following year. All required planning and ecological permits are currently in place.
Equis approximates that the MREH battery will certainly be able to support 1.6 GW of solar or 1.2 GW of wind power generation capacity.
"The range and also individuality of MREH's approvals as well as development mean it will be capable of providing both short and long hour storage space and also reaction solutions satisfying the transforming demands of the National Electricity Market," said David Russell, Equis Managing Director.
