<
https://reneweconomy.com.au/big-battery-splurge-sets-cracking-pace-for-2025-as-wind-and-solar-investment-has-best-year-since-2018/>
"Australia has notched up a “remarkable run” on big battery investment in the
first quarter of 2025, with six projects worth $2.4 billion and a combined
1,510 megawatts (MW) of capacity and more than 5 gigawatt-hours of storage
duration reaching financial close in just three months.
New quarterly data from the Clean Energy Council (CEC) details a flying start
to what promises to be a big year for firming, as investment dollars flow to
both stand-alone battery energy storage systems (BESS) and to hybrid projects
with batteries included alongside big wind and solar.
“This is the second-best quarterly result on record in terms of energy output,”
the report says, and the “best annual start for new storage projects on
record,” and all with the uncertainty of a federal election thrown into the
mix.
“It’s great to see the high levels of investment we’ve seen over the past
couple of years continue,” said CEC chief policy and impact officer, Arron
Wood, on Thursday.
“Wind and solar combined with energy storage is the lowest-cost form of
electricity generation and by installing more battery storage projects across
the country, Australians can get the biggest benefits from renewable energy
through cheaper, cleaner, more reliable power.”
The battery funding rush builds on momentum from 2024, with the CEC’s latest
annual stocktake of Australia’s clean energy progress revealing a massive 500
per cent uptick in financial commitments to large-scale renewable generation
from $1.5 billion in 2023 to approximately $9 billion in 2024.
The CEC says this is the highest single year of new financial commitments to
large-scale generation since the boom of 2018 ($8.4 billion), but when
investment in utility scale storage is included, it gives 2024 the title of
largest wave of clean energy investment in Australia’s history."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
