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CEFC has committed $100 million to Neoen, a renewable energy developer, for 1.3 GW renewable energy and battery storage projects across Australia.
The Albanese government has announced a $100 million investment to strengthen its renewables plan, funding three regional big batteries and a solar farm expected to power 160,000 Australian homes.
The Clean Energy Finance Corporation (CEFC) has committed this amount to Neoen, a renewable energy developer, to support 1.3 GW of renewable energy and battery storage across Australia.
Key projects include Collie Battery Stage 2 in Western Australia to support the state’s southwest grid, Western Downs Battery Stage 1 in Queensland to integrate renewable energy into the National Electricity Market (NEM), and the Culcairn Solar Farm in southwest New South Wales.
Minister for Climate Change and Energy Chris Bowen highlighted the dual benefits of the initiative, stating, “This partnership with Neoen will benefit regional communities with jobs and local economic activity, while our electricity system stores abundant solar and wind through the day, ready to be discharged at night.”
New Projects to Power Regional Australia
According to the…
