BW ESS has acquired the Yanco battery energy storage system (BESS) project in New South Wales, Australia. The project has been acquired from ACEnergy. The project has an installed capacity of 250 MW/1,200 MWh and will connect to the Yanco 132 kV substation. Project construction is expected to commence later in 2026, with commercial operations targeted for 2028.
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The Clean Energy Finance Corporation (CEFC) has committed $100 million to support Australia’s mid-scale clean energy transition. The investment will be deployed in partnership with Infradebt under the Distribution Connected Accelerator Program (DCAP). The program aims to finance the development of up to 16 hybrid solar, battery energy storage, and battery retrofit projects.
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Ark Energy has reached a final investment decision (FID) for the $1.3 billion Richmond Valley solar farm & battery energy storage system (BESS) in New South Wales, Australia. The project will be supported by a financing package comprising $586 million in equity and $716 million in debt. The priority stage includes development of a 200 MWac solar farm and a 275 MW/2,200 MWh lithium-iron-phosphate BESS.
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Yanara has secured a €150 million investment from Mirova to accelerate the development of its utility-scale renewable energy portfolio in Australia. The funding will support more than 2 GW of solar, wind and battery energy storage system (BESS) projects across Victoria, New South Wales and Western Australia. A significant share of this investment will be directed to the Yanara’s Mortlake Energy hub in Victoria.
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The European Investment Bank (EIB) has approved a €450 million loan to OMV for the construction of a green hydrogen production project in Bruck an der Leitha, Austria. The funding by EIB represents around three-quarters of the projected €600 million investment cost of the project. The project will feature a 140 MW electrolyser powered by renewable electricity.
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Vena Energy has secured A$1.4 billion in green financing to support its Australian solar and BESS assets. The financing is backed by BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo (IMI CIB Division), Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Westpac Banking Corporation. The financing covers greenfield project funding with the refinancing of existing facilities, across two transactions.
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Orica has reached the final investment decision (FID) for the Hunter Valley Hydrogen Hub (HVHH) in Australia. The project will be a commercial-scale renewable hydrogen facility integrated with Orica’s ammonia manufacturing plant at Kooragang Island in New South Wales. The project will produce approximately 4,700 tonnes of renewable hydrogen annually, enabling the production of around 26,600 tonnes of low-carbon ammonia.
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Lightsource bp has commenced construction of the Lower Wonga hybrid renewable energy project located near Gympie, Queensland. The project comprises a 380 MWdc solar farm with a 281 MW/843 MWh battery energy storage system (BESS). The project will commence operations in late 2028. A joint venture between INTEC Energy Solutions and Gotion Hi-Tech Australia will deliver the project.
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Australia’s Assistant Minister for Climate Change and Energy has announced the results of Tender 7 under the Capacity Investment Scheme (CIS). A total of 19 renewable energy projects were selected, delivering 7.8 GW, exceeding the original 5 GW target of capacity. Of which 8 projects are hybrid systems combining wind or solar generation with battery storage.
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Edify Energy has achieved financial close for the Smoky Creek and Guthrie’s Gap Solar Power Stations located in Central Queensland, Australia. The projects will deliver 720 MWp of combined solar generation capacity along with 600 MW/2,400 MWh of battery energy storage system (BESS). Both projects have also secured long-term support under the Australian Government’s capacity investment scheme (CIS).
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OX2 has commenced construction of the Muswellbrook solar farm and battery project in New South Wales, Australia. The project features 135 MWac of solar capacity and 100 MW of battery energy storage system (BESS). The project has also secured a long-term hybrid power purchase agreement with an international offtaker covering both solar generation and battery storage. Construction for the project is expected to complete in 2028.
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GenusPlus Group Limited has secured an engineering, procurement and construction (EPC) contract for the 200 MW/800 MWh Koolunga battery energy storage system (BESS) in South Australia (SA). Construction works are expected to commence shortly, with commissioning scheduled for September 2027. Equis Development Pte Limited, is developing the project and will act as its owner and operator.
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Palisade Investment Partners, via Intera Renewables, has acquired a 100 per cent interest in the 240 MW/960 MWh Summerfield battery energy storage system (BESS) from Copenhagen Infrastructure Partners (CIP). The facility located east of Adelaide, is currently under construction with a scheduled completion date in late 2026. This acquisition bolsters Palisade’s total renewable energy portfolio to 2.5 GW.
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The Western Australia Government has agreed to purchase power from upcoming wind farms in regional Western Australia. Through a series of long-term power purchase agreements, Synergy will procure renewable energy from the 470 MW Parron Maam Marang Wind Farm, being developed by Zephyr Energy, and the 130 MW Kondinin Wind Farm, a joint venture between Shell Energy and Foresight Group.
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Flow Power has entered into a foundational offtake agreement with Octopus Australia for the Blind Creek solar farm and battery energy storage system (BESS) project in Australia. The project is located in Bungendore, New South Wales, and comprises 300 MW of solar capacity with a BESS of 243 MW/486 MWh. It is being developed in collaboration with local landholders under an agri-solar framework.
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Revera Energy, an independent energy infrastructure platform backed by Carlyle, has completed the expansion of its credit facility to $150 million. The expanded facility is intended to support the development and construction of battery energy storage system (BESS), solar, and green hydrogen projects in pipeline across Australia’s National Energy Market (NEM) and UK.
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Hydro Tasmania has launched an open call for proposals from new wind and solar projects across the state to increase the amount of electricity available to the Tasmanian grid. The utility is seeking a commercial offtake arrangement with one or more projects capable of supplying up to 1,500 GWh of power each year. The deadline for submission of expressions of interest is December 5, 2025.
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Australia’s Minister for Climate Change and Energy has announced the results of Tender 4 under the Capacity Investment Scheme (CIS), which aims to support the national renewable energy target of 82 per cent. A total of 20 projects were selected with a cumulative capacity of 6.6 GW, exceeding the initial plan of 6 GW. Of these, 12 hybrid projects integrating wind or solar with battery storage contribute over 3,500 MW.
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ACEN Australia’s 900 MW Robbins Island Wind project has received approval from the federal government after more than eight years of assessment across all government levels. The project is expected to contribute over $30 million each year to the Tasmanian economy. Additionally, the associated transmission line is undergoing a separate approvals process, which is expected to conclude in 2026.
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EDF has successfully completed its first Kangaroo senior bond issuance in Australia, raising AUD 1 billion through two tranches. The issuance included AUD 500 million with a 10-year maturity carrying a 5.636 per cent fixed coupon, and another AUD 500 million with a 20-year maturity at a 6.627 per cent fixed coupon. The bonds are expected to be rated BBB by S&P, Baa1 by Moody’s, and BBB+ by Fitch.
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