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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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.

Read Next

April 20, 2021
A solar- and wind-powered green hydrogen plant in Western Australia has secured the backing of France-based independent power producer Total Eren.
April 19, 2021
Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.
April 19, 2021
‘Solar Module Super League’ (SMSL) member JA Solar has confirmed its founder and chairman, Jin Baofang had returned to work at the company.
April 19, 2021
South Australia has struck a AU$1.08 billion (US$840 million) energy and emissions reduction agreement with Australia’s federal government.
April 12, 2021
Scientists in Australia have used human hair clippings from a Brisbane barbershop to create an ‘armour’ that increases the power conversion efficiency of perovskite solar cells.
April 9, 2021
A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021