RWE to Build Massive Battery in NSW with Tesla: Accelerating Renewable Energy Transition
Key Ideas
  • RWE has initiated the construction of an eight-hour big battery in south-west NSW, partnering with Tesla for a 400 MWh project, marking a significant advancement in renewable energy.
  • The Limondale battery will be the first of its kind in Australia, supported by the NSW government's Long Term Energy Service Agreement to promote renewable energy projects and attract financing.
  • The project is part of RWE's commitment to the Australian renewables sector, with plans to develop up to 3 GW of renewable energy capacity by 2030, investing in wind, solar, batteries, flexible generation, and hydrogen projects.
  • The company aims to decarbonize its business, phasing out coal by 2030, and intends to invest €55 billion in green projects by the end of the decade, expanding its green portfolio capacity to over 65 GW.
RWE, a German energy giant, has announced the commencement of the Limondale battery project in south-west New South Wales (NSW) with Tesla as the supplier of the Megapack battery. This 400 MWh, 50 MW battery will complement RWE's existing solar farm and is the first eight-hour battery to be constructed in Australia. The project won the NSW government's tender, aiming to promote long duration storage solutions. The underwriting agreement provided by the government has facilitated attractive financing for the project, reducing the overall cost of the battery. The success of the Limondale battery has paved the way for future projects, including two more eight-hour battery installations. These projects, in conjunction with solar farms, signify a significant advancement in Australia's renewable energy landscape. RWE's investment in the Australian renewables sector aligns with its goal to develop substantial renewable energy capacity in the country by 2030, with a strong focus on wind, solar, batteries, and hydrogen projects. The company's commitment to decarbonization includes phasing out coal by 2030 and investing heavily in green initiatives. This move highlights RWE's dedication to supporting the energy transition and accelerating the adoption of sustainable energy sources in Australia.
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