Carlyle Group Halts Solar Farm Construction in Australia, Expands to 500MW Energy Storage Project

en.Wedoany.com Reported - Revera Energy, a subsidiary of the global fund management company Carlyle Group, has halted plans to build a large-scale solar farm in South Australia, shifting its focus to expanding battery energy storage projects. The company originally planned to develop a 500MW solar farm near the town of Robertstown, but according to documents submitted to the government, Revera Energy determined that constructing new solar farms in South Australia is currently not economically viable.

Revera Energy stated in the documents: "Solar farms are currently not assessed as economically viable in South Australia." Consequently, the company has decided to construct a 500MW, 2,000MWh standalone battery energy storage system at the same site. The project will be implemented in two phases, each with a rated capacity of 250MW and 1,000MWh, connected via underground transmission lines to the Robertstown substation.

South Australia already sources 75% of its electricity from renewable energy and aims to achieve a 100% net renewable energy target by the end of next year. The state has a high penetration of rooftop solar, which leads to oversupply of electricity, often forcing solar farms to shut down due to negative prices. Battery energy storage projects are seen as a solution to this challenge, capable of storing electricity and discharging it during peak periods.

Revera Energy's other projects in South Australia include the Yoorndoo Ilga solar and battery project and the Cape Hardy green hydrogen project, the latter of which will integrate wind, solar, and battery storage. Solar-battery hybrid projects are becoming increasingly important in the Australian grid, with nearly twenty such projects under development, and South Australia secured related projects in recent auctions.

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