New Zealand's First Big Battery Project of 200MWh & Solar Farm in Offing From TotalEnergies

Jan 19, 2023 03:38 PM ET
  • Saft was contending against Tesla and Fluence for the 100MW as well as 200MWh Ruakākā battery contract, which is worth $NZ186 million.
  • In an additional major development for the energy market of the country, the project will certainly additionally be adhered to by a farm of 130 MW. This will be New Zealand's greatest solar farm.

Saft, a subsidiary of French power major, TotalEnergies, has landed a project to establish New Zealand's very first huge grid-connected battery. Saft was contending against Tesla and also Fluence for the 100MW and 200MWh Ruakākā battery contract, which deserves $NZ186 million.

The formal announcement for the project came in December 2022 from Meridian, which is the power company of New Zealand. It is being held that the project will yield revenues worth $NZ35 million a year. The profits from it are estimated at $NZ30 million yearly.

The Ruakākā battery will be established adjacent to a terminal for fuel import on North Island (among the two primary islands of New Zealand), and an electricity sub-station. In one more major development for the power sector of the nation, the project will certainly additionally be adhered to by a farm of 130 MW. This will be New Zealand's largest solar farm.

Meridian has said that shared sources such as facilities will help bring down the price of solar farm by approximately $NZ20/MWh. President at Meridian, Neal Barclay, further stated that the storage space system will open doors to various new revenue streams for the firm, while additionally making it possible to tons shift between cost durations and also allow it to likewise take part in the North Island reserve power market. He added, "As periodic renewable generation rises in New Zealand, this BESS will help handle supply fluctuations and reduce this nation's reliance on fossil fuels. We have a strong vision for Ruakākā, with a grid-scale solar farm planned to further accelerate our transition to a reduced carbon economic climate. The shared framework provided by the BESS will substantially boost the business economics of the future solar farm."

The scope of the contract gotten by Saft includes battery and also power conversion equipment, installment, appointing and also functional services for a period of twenty years.

The system will certainly start procedures in the 2nd fifty percent of 2024.

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