Lyon Group and China Huadian pen pan-Asia renewables-plus-storage deal

Facebook
Twitter
LinkedIn
Reddit
Email
Image: A solar-plus-storage development of Lyon Group's in Austrlia.

Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.

The deal will see the two companies focus on specific battery storage retrofit opportunities in China and two other, as-yet-unnamed Asian markets.

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

Furthermore, it will expand on China Huadian’s bid to co-develop, purchase, finance and constructed integrated solar-plus-storage projects throughout Australia belonging to Lyon, with China Huadian acting as the lead EPC contractor.

New additions to the partnership include the integration of long-duration battery storage into both new and existing China Huadian projects in China and other Asian markets, as well as the development and acquisition of new and existing renewable power projects, including solar.

The deal will expand on existing arrangements both companies have with Japanese utility JERA. Lyon announced a joint-venture with JERA and energy storage specialist Fluence earlier this year, specifically targeting the Asia-Pacific region.

David Green, chair at Lyon, said that both China Huadian and JERA had turned to Lyon as a result of understanding that just continuing to deploy more “inflexible” renewable generation was “destabilising” and “not commercially sustainable”.

“China Huadian has big plans for solar and wind development but the significant curtailment and grid disturbance they have experienced to date shows that the volume of renewables they want to build will deliver greater benefit, both technically and commercially, with integrated storage.”

“Lyon’s integration of long-duration battery storage with power generation creates flexible, stable power stations that deliver predictable, dispatchable clean power. This reduces investment risk,” he said.

Lyon has been prolific in bringing solar and storage projects to market in its native Australia, and in November 2017 sold off nearly 800MWh of storage and 545MW of solar PV capacity, the proceeds from which were due to help pursue a new development pipeline.

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.

Read Next

Sponsored
June 20, 2024
At SNEC 2024, PV Tech spoke with Dennis Shi, president of Sunman Energy, about his views on markets offering great potential and financing.
June 20, 2024
European Energy is seeking Queensland government approval to pursue a 1.3GWp (1.1GWac) solar PV project in Australia.
Sponsored
June 19, 2024
Eric Ast-Comoli, global head of OEM Renewable Energy at Stäubli, discussed the company’s strategy in China, expansion plan and capacity.
June 19, 2024
The Queensland government confirmed that Caloundra, Australia, will house a Local Renewable Energy Zone to triple rooftop solar generation.
June 19, 2024
ARENA has launched its global AUS$100 million ‘Solar ScaleUp Challenge’ aiming to stimulate innovation and collaboration in the solar sector.
June 18, 2024
660GW of solar PV capacity will  be deployed in 2024 as market demand responds to sustained low module prices, according to polysilicon market researcher Bernreuter Research.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia