Australian Green Bank to Fund Grid-scale Energy Storage

Jon Capistrano
Jon Capistrano
April 27, 2017

Australian green bank Clean Energy Finance Corp. has announced that it is working with the South Australian government to support Australia’s largest grid-scale storage project. CEFC will help develop a financing package to help the project development.

The South Australian government is supporting the construction of the country’s largest battery to store energy from wind and solar resources, as part of its $150 million Renewable Technology Fund.

The CEFC had been in discussion with a number or large-scale battery providers for some time, including those looking to offer potential energy storage solutions in South Australia. Plus, a growing number of studies point to renewables as the most affordable and secure, in addition to environmentally friendly energy options in Australia.

Click here to read the full story on the Climate Reaction Program

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin
OUR MOST POPULAR POSTS

Trending Posts

The Future of Space-Based Solar Power Image
General

The Future of Space-Based Solar Power

Gigantic solar installations in space. It sounds fanciful – something out of Star Wars or Star Trek’s universe – but what if it’s actually possible?

Solar Trust Centre Solar Panel Featured Image
General

The Victorian Government’s Plan for Solar Aggregation

The Victorian government recently made a call for partners in a new solar pilot program. Although a trial program is always a small step, when viewed in context it’s one that provides an insight into where Victoria and other Australian states and territories will need to go in future: to continue to encourage solar panel uptake, while also properly managing the byproduct of it so an oversupply of energy isn’t fed into the grid.