ACEN to build 3GW renewable projects plus storage in Australia

Facebook
Twitter
LinkedIn
Reddit
Email
ACEN philippines project
The projects will be developed by Yindjibarndi Energy Corporation. Credit: ACEN

Filipino energy platform ACEN Corporation has partnered with Yindjibarndi Aboriginal Corporation to develop up to 3GW of renewable projects with battery energy storage systems (BESS) in Western Australia.

The projects will be developed by Yindjibarndi Energy Corporation (YEC), a partnership between Yindjibarndi Aboriginal Corporation and ACEN in Western Australia’s Pilbara region.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

YEC’s CEO Craig Ricato said the first stage of the project will include a 750MW solar-plus-storage project, while the second stage is much larger comprising up to 3GW of solar, wind and BESS.

The partnership agreement enabled Yindjibarndi Aboriginal Corporation to hold a minimum of 25% of the equity in all developed renewable projects and up to 50% of the equity in any project.

ACEN added that the final investment decision on YEC’s first stage of the project is expected to be made in late 2024.

Prior to this, ACEN also formed a partnership with US solar developer BrightNight in March to develop a 1GWac renewables portfolio in the Philippines. The partnership will deploy more than US$1.2 billion over the next five years. In a statement, the companies said the investment from ACEN will provide BrightNight with resources to “fund its Philippines buildout and long-term growth in one of the fastest-growing markets in Asia”. Moreover, ACEN will provide a partnership network and expertise across the regional energy value chain.

PV Tech publisher Solar Media will be organising the Solar Finance & Investment Asia Summit in Singapore, 24-25 September. The event will bring together the most influential leaders representing funds, banks, developers, utilities, government and industry across the Asia-Pacific region on a programme that is solutions-focused from top to tail. More information, including how to attend, can be read here.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

November 14, 2024
The sixth PPE2 tender for ground-mounted solar ended up slightly oversubscribed as the French government tendered for 925MW of PV capacity.
November 14, 2024
In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.
November 14, 2024
The Northern Territory government in Australia has proposed developing an AU$400 million (US$259 million) renewable energy hub featuring six solar PV power plants in the region.
November 14, 2024
Australia’s Pacific Blue, a renewable energy generator and retailer, has been granted council approval for a 300MW solar-plus-storage expansion in North Queensland.
November 14, 2024
State-owned China Energy Investment Corporation (CHN Energy) has completed a 1GW floating solar PV facility in the Shandong Province of China.
Sponsored
November 13, 2024
PV Tech spoke with Aiko Solar to learn more about the company's expansion plans in Australia and some of its latest products.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK
Solar Media Events
November 26, 2024
Málaga, Spain
Solar Media Events
November 26, 2024
Warsaw, Poland