Iberdrola SA purchased the 270-megawatt (MW), 1,080-megawatt-hour (MWh) Tungkillo battery vitality storage system (BESS) undertaking in South Australia from RES Australia.
The undertaking “has all the important thing approvals and really superior connection rights, along with the land already secured”, Iberdrola stated in a press launch. The Spanish energy utility expects to start out up the undertaking 2028.
Iberdrola estimates EUR 275 million ($322.04 million) in funding to finish the undertaking.
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“The Australian system requires a big enhance in battery storage capability to combine the brand new renewable capability and produce flexibility to the system”, Iberdrola stated. “The situation of the Tungkillo undertaking, within the south of the nation, is perfect for offering this service.
“Within the case of Iberdrola Australia, the storage methods present backup capability for its portfolio of vitality gross sales contracts to clients”.
Iberdrola has two different BESS initiatives below development in Australia, it added. It expects the 65-MW Smithfield undertaking in New South Wales and the 180-MW Broadsound undertaking, which is a part of a 360-MW photo voltaic undertaking in Queensland, to start out operations 2025 and 2026 respectively.
Iberdrola already has two operational BESS initiatives within the nation, in line with a web based listing of its Australian property. Iberdrola has a 10-year dispatch management for TransGrid’s 50-MW Wallgrove Grid Battery, related to the New South Wales transmission community. In the meantime Iberdrola’s 25-MW Lake Bonney undertaking is co-located with the Lake Bonney Wind Farms close to Millicent in South Australia.
Moreover Iberdrola has three proposed BESS initiatives in Australia, in line with the listing.
Burrenbring Battery is deliberate to have a capability of 1 gigawatt with two to 4 hours length. It’s proposed to rise on privately owned land on the Widi Folks’s Nation within the Isaac Area.
Mount Doran Battery is deliberate to have a capability of 200 MW and two-hour storage. Iberdrola plans to attach the undertaking to Australian Vitality Operations’ current Elaine Terminal Station. The undertaking would rise on about 3.5 hectares of land in Moorabool Shire in Wadawurrung Nation.
Kingswood Battery is deliberate to have 270 MW with 4 hours storage. It will be related to TransGrid’s Tamworth Substation. It’s deliberate to embody eight hectares of land.
Iberdrola stated, “The acquisition of the Tungkillo battery system is totally in step with the Group’s just lately introduced 2025-28 plan, which foresees whole investments of greater than EUR 1 billion in Australia, a rustic with a AAA credit standing, primarily in battery improvement”.
Saying the brand new funding plan of EUR 58 billion final month, Iberdrola stated Australia and European Union markets besides the Iberian Peninsula would get EUR 5 billion.
“This plan goals to remodel Iberdrola’s profile right into a extra regulated firm, with networks as a vector for development”, government chair Ignacio Galan stated in a web based assertion September 24.
“We’ll make investments EUR 58 billion by 2028, two-thirds of which is able to go to transmission and distribution networks, primarily in the UK and the US”.
Sixty-five % of the full funding will go to regulated networks.
Distribution has been earmarked EUR 25 billion. Transmission will get EUR 12 billion, 95 % of which is supposed for the UK and the US.
“Era and clients” get EUR 21 billion, 75 % of which contains initiatives below development. Of the EUR 21 billion, 38 % is for offshore wind, 24 % for onshore wind, 10 % for photo voltaic and 10 % for storage.
Geographically, the UK and the US lead with EUR 20 billion and EUR 16 billion respectively. Iberia will get EUR 9 billion and Brazil EUR 7 billion.
Eighty-five % of whole investments are meant for “A-rated nations with secure, predictable and engaging regulatory frameworks”, Iberdrola stated.
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