Goal: Provide South Australia with large-scale storage for renewable energy so power is available when it is needed, beginning the transformation to next-generation renewable technology.
The State Government will establish a $150 million fund to support projects that make renewable energy available 24 hours a day, seven days a week, to power the state when it is needed.
The first project to be funded will be a grid-connected battery – the largest in Australia – to provide the state with 100 megawatts of storage. The battery will modernise South Australia’s energy grid and begin the transformation to the next generation of renewable-energy storage technologies.
The Renewable Technology Fund will provide $75 million in grants and $75 million in loans, to eligible projects, to support private innovative companies and entrepreneurs.
There are a number of large-scale projects under consideration in South Australia, including solar thermal, biomass, hydrogen energy and pumped hydro.
LATEST NEWS - July 7, 2017
Tesla to pair world’s largest lithium ion battery with Neoen wind farm in SA
The world’s largest lithium ion battery will be installed in South Australia under a historic agreement between French renewable energy company Neoen, US sustainable energy company Tesla and the South Australian Government.
The energy storage systems from Tesla will be paired with Neoen’s Hornsdale Wind Farm and installed before summer.
Confirming the commitment from Tesla CEO Elon Musk to deliver the battery within 100 days or it is free, it has been agreed between Tesla and the South Australian Government that the starting date for the 100 days will be once the grid interconnection agreement has been signed.
After leading the nation in renewable energy, the 100MW / 129MWh battery places South Australia at the forefront of global energy storage technology.
The battery will operate at all times providing stability services for renewable energy, and will be available to provide emergency back-up power if a shortfall in energy is predicted.
The deal will also bring other investments by both Neoen and Tesla into South Australia’s economy, with details to be announced in the future.
The selection of Neoen will also strengthen South Australia’s links with France’s high-tech sector and reinforce the State’s world-leading role in tackling global warming.
Wind power with battery storage has been recommended through the Finkel Review as well as AEMO’s recent reports to provide energy system security services – this plan delivers on these objectives.
Neoen was selected on a merit basis after a multi-stage procurement process attracted around 90 responses to the Expression of Interest, with 14 proponents invited to supply, and 5 shortlisted for detailed assessment.
The consortium demonstrated it is capable of delivering 100MW of capacity by December 1 and provided a highly competitive
commercial offer with the best value for money.
Neoen and Tesla have a track record in comparable scale projects, and are committed to deliver on time at the lowest cost with a suite of value-adding initiatives.
In March, the State Government announced a plan for South Australia to take charge of its energy future, ensuring our State would become more self-reliant.
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