Australian utility AGL is transforming its operations in a number of ways, from restructuring the company itself, to building energy storage facilities for flexible distribution of renewable energy into the future. The company is also planning to build a pumped-hydro facility at a disused open-cut coal mining site in eastern Australia.
AGL has signed a memorandum of understanding with Finland’s Wärtsilä to develop large-scale hybrid energy systems for the commercial and industrial market.
Vena Australia has reached financial close on its Wandoan South Big Battery, thanks to ING Australia. The international bank is increasingly financing green energy projects, but this is the first standalone battery project it has financed in the Asia Pacific. Vena Energy Australia says this phase is just the beginning of a project that is to feature 650 MW of solar PV and 450 MW of battery storage.
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