Battery tasks proceed to dominate large-scale clear vitality building in Australia, with 6 GW of recent capability added to the nation’s renewable challenge pipeline in July.
From pv journal Australia
New figures from analysis consultancy Rystad Energy present that 21 new utility-scale photo voltaic, wind and vitality storage tasks representing 9.6 GW of capability have been added to Australia’s renewable vitality growth pipeline by July 2024.
Rystad renewables and energy analyst Alokita Shukla stated this was properly beneath the 28 GW of recent capability added final month, however the slowdown didn’t prolong to the battery storage sector.
Utility batteries accounted for greater than 60% of recent capability added throughout the month with builders unveiling 6 GW of recent tasks unfold throughout all six states, highlighting the rising significance of vitality switch expertise in Australia, particularly because the share of renewables will increase in direction of. the federal authorities’s 82% renewable goal for 2030.
In addition to the battery tasks, 1.7 GW of PV tasks and a pair of GW of offshore wind initiatives have been introduced.
Shukla stated the brand new additions “underscore the continued curiosity of traders within the Australian market, regardless of the challenges of assembly the nation’s formidable renewable vitality targets.”
Queensland led the way in which for brand new renewable vitality tasks in Australia in July with 5 new developments including a mixed capability of two.6 GW. This consists of 950 MW of PV and 440 MW of utility batteries.
Among the tasks added are the 750 MW Rutherglen photo voltaic challenge developed by Gryphon Energy, Edify Energy’s Callide Solar Power Station Project which can include a 200 MW photo voltaic farm and a 200 MW / 800 MWh battery, and the 4 hour storage length battery challenge developed by BayWa re in Wurdong Heights, close to Gladstone.
Victoria is second behind Queensland because the state with probably the most capability additions with 4 new tasks totaling 2.3 GW, adopted by South Australia with 1.6 GW from simply two tasks.
British-owned vitality firm Pacific Green emerged because the main developer in July with the addition of two main tasks together with the 1,000 MW / 2,500 MWh Portland Energy Park being developed in Victoria and the five hundred MW / 1,500 MWh Limestone Coast Battery Energy Park in South Australia.
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