#BATTERY BUDDY STORAGE SERIES#
The tender was flagged earlier this year after the series of blackouts and load-shedding that afflicted the state following a series of extreme weather events and equipment failures, and after a billionaire tweet exchanged prompted by Tesla’s claim to be able to fix the problem in 100 days. It will also likely mean new rules that threaten to restrict wind output will also be dropped.
#BATTERY BUDDY STORAGE GENERATOR#
The arrival of a “dispatchable” renewable energy generator means that prices will no longer be controlled only by a handful of gas-fired generators, who have been largely responsible for the state’s soaring gas prices. The addition of the storage facility at the biggest wind farm in the state will add to the state’s energy security – providing quick reactive power in the events of faults, and smoothing the output of wind – it will also add much needed competition into the state’s energy market. We hope to replicate it at many other projects.” “There was no time to talk to the banks,” he said. “What we are showing today is that this is only the beginning for more renewables. Everyone wil be looking at South Australia, hoping to replicate this at other projects. He told RenewEconomy Neoen would provide all the equity for the project, and then seek bank finance once it was up and running. If South Australia is willing to take a big risk then so are we,” he said.įinancial details of the bid were not revealed, but Neoen deputy CEO Romain Desrousseaux said the company had been “aggressive and very positive” in its bid with Tesla.
“This is a chance to show you can really do a heavy duty, large-scale utility battery and battery system, and South Australia was up to the challenge. Musk said the installation would be three times bigger than the next installation. The announcement was made jointly with Tesla founder and CEO Elon Musk, who flew into Adelaide for the announcement.
“South Australian customers will be the first to benefit from this technology which will demonstrate that large-scale battery storage is both possible and now, commercially viable.” Premier Jay Weatherill said the Hornsdale Power Reserve will become the state’s largest renewable generator, and while the lithium battery would be the biggest in the world. The 100MW/129MWh battery bank will be built at Neoen’s huge Hornsdale wind complex near Jamestown, where the last stage of a 309MW project is currently being completed. World’s largest lithium ion battery will be installed in #SouthAustralia under a historic agreement between #Neoen #Tesla & SA Gov! /GcfrwOzD9g The South Australia government has announced that its 100MW battery storage tender – which it says is the world’s largest – has been won by Tesla and French renewable energy developer Neoen.