Naturgy, a multinational energy company headquartered in Spain, has bought a large-scale hybrid solar-plus-storage project in development in Australia.
Global Power Generation, a joint venture (JV) company started by Naturgy and the Kuwait Investment Authority sovereign wealth fund in a 75:25 ownership split, has acquired the Cunderdin project from developer Sun Bred Power (SBP). Financial terms of the acquisition have not been disclosed.
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Located in Western Australia, near the town of the same name, Cunderdin will combine 125MWdc(100MWac) of solar PV generation with 55MW/220MWh of battery energy storage system (BESS) technology.
Connected to the South West Interconnected System (SWIS) electricity grid, it looks set to be a relatively rare early example of a large-scale hybrid plant with four hours of storage duration – most utility-scale BESS projects in the country to date have been one hour’ duration or less, with a more recent wave of 1.5 to 2 hour duration systems commissioned or in development.
Cunderdin marks Naturgy’s first entry into Australia’s solar PV market, although through Global Power Generation the company already has a portfolio of wind projects in the country.
To read the full version of this story, visit Energy-Storage.news.