Wärtsilä and RCT Solutions GmbH have launched Valo, a new global battery energy storage system (BESS) integrator with 7.5 GWh of projects in Australia. The joint venture will provide end-to-end solutions for utility-scale battery energy storage projects. Wärtsilä’s Energy Storage business will contribute utility-scale storage technology, controls and optimisation software, system integration expertise and lifecycle services.
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Atmos Renewables, the Australian renewables business of Igneo Infrastructure Partners, has reached financial closure on two projects supported by the Australian Government’s Capacity Investment Scheme (CIS). The projects are the 400 MW/1,600 MWh Teebar battery energy storage system (BESS) project in Queensland and the 470 MW Parron Maam Marang wind farm in Western Australia.
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Foresight has reached financial close for the 130 MW first stage of the Kondinin wind farm in Western Australia’s Wheatbelt, securing A$430 million in debt financing. The financing has been provided by Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Deutsche Bank, HSBC and Westpac. The financial close will allow construction of stage 1 to begin.
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ESR has signed an agreement to acquire 100 per cent of Aquila Clean Energy APAC from Aquila Group. Aquila Clean Energy APAC develops, owns and operates solar, battery storage and wind projects across Asia-Pacific. The platform has a 1.6 GW portfolio of operational, under-construction and advanced-development assets across Australia, New Zealand, South Korea, Japan and Taiwan.
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Central Queensland Power (CQP) has received approval for the Moah Creek wind project from the Australian Government under the Environment Protection and Biodiversity Conservation (EPBC) Act 1999. The project, located about 30 km west of Rockhampton, will comprise up to 60 wind turbines with a capacity of 360 MW. The project will also provide more than $33 million in community benefits over its operating life.
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Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V fund, has acquired the Gawara Baya hybrid project located in North Queensland, Australia. The project was acquired from Windlab. The project combines a 408 MW onshore wind farm comprising 68 wind turbines with a 104 MW grid-forming battery energy storage system (BESS). Commercial operations for the project are expected in 2030.
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Quinbrook has selected GE Vernova to supply technology for the third stage of the Supernode battery storage energy system (BESS) project in Queensland, Australia. GE Vernova will provide the power conversion, control and integration technologies for the third stage of the project. The project’s third stage will add 260 MW/1,216 MWh of four-hour BESS capacity.
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PLUS Grid Storage, part of the Ausgrid Group, has commenced construction on the Steel River East battery energy storage system (BESS) located in Newcastle, New South Wales, Australia. The project has an installed capacity of 200 MW/400 MWh. Commercial operations for the project are expected to begin in late 2027, with SCEE Electrical serving as the delivery partner.
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WestWind Energy has received planning approval for the Normanville Energy Park. The park will consist of a 122 MW wind power facility and will feature up to 17 wind turbines. The project is located in Victoria’s North West Renewable Energy Zone, Australia. The project will generate enough electricity to power around 90,000 Victorian homes. Furthermore, project construction is expected to attract approximately $350 million in investment.
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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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