NSW Announces 1.4 GW Renewables' Tender, RWE To Create Battery Storage Project

May 2, 2023 01:13 PM ET
  • The 1.4 GW renewables tender allocation anticipates an investment of about A$ 2.5 billion in the state.
  • RWE has been granted with 50 MW/ 400 MWh Limondale battery energy storage project.

Just as the rural federal government of New South Wales, Australia, has actually announced the tender allocation results for 1.4 GW of renewables, international renewables significant RWE has stated that itwill establish storage project in the state.

RWE has been successful in the tender process offering Long-Term Energy Service Agreements to project developers of long period of time storage projects. Its Limondale battery energy storage system with an intended set up capacity of 50 megawatts (MW) and also 400 megawatt hours (MWh) has actually been granted.

The Larger Tender Allocation

The contract allocation by NSW is first of a 10 year rolling programme. The state has used 2 solar power projects, one wind energy farm and one battery energy storage system via Long Term Energy Service Agreements (LTESAs); RWE has the battery storage growth contract. The total investment expected in this tender is about A$ 2.5 billion.

The goal of the tender is to change the coal-fired nuclear power plant in the region as well as expedite the renewables growth. ACEN will be creating 720 MW of New England Solar Farm and also 400MW Stubbo Solar Farm. Goldwind Australia's 275MW Coppabella Wind Farm will likewise be developed.

NSW is aiming at 12-GW of renewables by the end of this decade and also it has an order book for 4.1 GW currently.

The RWE BESS Project

RWE said that the energy storage project will lie alongside its existing 249 MWac Limondale Solar Farm with the project making the most of existing grid infrastructure. The project is currently pursuing a final investment decision in the next twelve month.

New South Wales has established a bipartisan policy is for new renewable and also storage capacity bent on 2030.

Katja Wünschel, CEO RWE Renewables Europe & Australia, claimed, "RWE supports New South Wales' ambition and also values the devotion shown by the federal government in policy style and also the professionalism and reliability of Australian Energy Market Operator Services Limited in implementation which enables the market to attach confidence. This success develops additional momentum functioning towards a sustainable future in our core market Australia." He additionally included, "It is another milestone on our means to expand our international batteries portfolio to 3 gigawatts by 2030."

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