Australia

The country aims to develop six offshore wind zones.

From infrastructure advancements to green technologies, Export Finance Australia’s financing powers are helping to steer the energy transition towards a greener, more resilient future.

It has a 4 MW solar capacity and 2.8 MW/50 MWh storage capacity.

The funding will increase renewable capacity in the state’s electricity grids.

Investments in storage reached billions for the first time in a quarter.

The acquisition has an enterprise value of $1.1b (A$1.72b).

The Torrens Island Grid Scale BESS is the second-largest battery project in the country.

The power plant is scheduled for closer on 30 June 2035.

The battery will be delivered by early 2025.

The wind project can generate 4.2 gigawatts of electricity.

The programme will also focus on funding hydrogen applications for decarbonisation.

It is expected to start operations in the Australian summer of 2024/25.

The project has a total capacity of 50MW.

This will accelerate the development of clean energy projects.

They will jointly develop wind, solar and renewable energy storage projects.

The project’s first production is targeted to start in 2026.