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.
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.
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