AGL has added three new grid-scale batteries and a 200 MW photo voltaic farm to its improvement pipeline because it transitions its power portfolio from high-emission, coal-fired energy technology to back-up renewables.
From pv journal Australia
Power utility AGL has revealed it plans to construct a 500 MW battery with 4 hours of dispatchable capability subsequent to its Tomago aluminum smelter close to Newcastle, New South Wales, as a part of its ambition so as to add 12 GW of latest wind, photo voltaic and power storage to its portfolio by 2035. This consists of an interim goal of as much as 5 GW of latest renewables and strengthening the world by the tip of the last decade.
AGL advised an investor briefing in Melbourne on Friday that the five hundred MW / 2,000 MWh battery might be constructed subsequent to the Tomago smelter, which is the biggest client of electrical energy in New South Wales, with greater than 10% of the usage of electrical energy within the state, is a part of a renewables improvement pipeline that has elevated from 3.2 GW to five.3 GW within the final 4 months.
AGL additionally revealed an unannounced 400 MW battery mission in New South Wales and a 500 MW mission in Queensland have formally entered its rising pipeline of renewable technology and storage developments. The ability big additionally unveiled plans for a 200 MW photo voltaic farm to be inbuilt New South Wales.
AGL Chief Government Officer and Managing Director Damien Nicks mentioned the addition of latest initiatives meant the corporate was “properly positioned” to attain its decarbonisation technique which required it to extend its portfolio of improve in renewable power technology from 1.7 GW to eight GW of wind and photo voltaic by 2035. It would additionally search to extend its energy technology capability, together with grid-scale batteries and pumped hydro, from 1.4 GW to 7.3 GW at the moment.
The corporate beforehand introduced plans to exit coal-fired technology by 2035 and on Friday reaffirmed its dedication to shut its Bayswater energy station within the Hunter Valley between 2030 and 2033 whereas the Loy Yang An influence plant in Victoria’s Latrobe Valley will shut by 2035.
“That is the most important transition this market has seen in what we have completed within the subsequent 12 years,” Nicks mentioned. “Right this moment we’re sharing with the market how we’ll ship our technique to attach our clients to a sustainable future and transition our power portfolio.”
AGL is within the ultimate levels of bringing a 250 MW/250 MWh battery on South Australia’s Torrens Island on-line with a 50 MW/50 MWh battery being developed close to the outback NSW metropolis of Damaged Hill anticipated to change within the subsequent three months.
Traders have been advised that AGL has a goal to ship 850 MW of grid-scale batteries by the tip of 2025 with the utility planning to trace the event of a big battery of 500 MW/2 GWh in place on the now closed Liddell coal-fired energy plant within the Hunter Valley.
AGL mentioned a ultimate choice on the Liddell battery funding is anticipated by the tip of this yr, with the primary 250 MW section anticipated to obtain funding from the Australian Renewable Power Company (ARENA).
AGL mentioned it expects to finance 5.5 GW of the focused 12 GW of newly put in renewables capability from its personal stability sheet, whereas the opposite 6.5 GW might be acquired by joint ventures, partnerships, third -party offtakes and distributed power assets together with rooftop photo voltaic.
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