Battery storage dominates Australia’s Capacity Investment Scheme Tender 7 as hybrid projects secure 7.9GWh
AI-summarised brief · reviewed before publication
Battery energy storage systems have dominated Australia's Capacity Investment Scheme Tender 7, with 2GW/7.9GWh of co-located energy storage selected. A total of 19 projects will deliver 7.8GW of renewable energy generation, exceeding the original 5GW target. Eight hybrid developments will combine wind or solar generation with battery storage, delivering over 2GW/7.9GWh of storage to the grid. The tender attracted 53 bids totaling 18.6GW of capacity, with solar-plus-storage projects featuring prominently among successful bids. The selected projects will support over 19,000 jobs during construction and 1,500 operations and maintenance positions.
💡 Why It Matters
- · The integration of battery storage in these projects addresses intermittency and grid stability concerns, maximizing revenue through participation in frequency control ancillary services and energy arbitrage markets.
- · The Capacity Investment Scheme's revenue certainty mechanism de-risks storage investments, attracting investment and ensuring projects can secure financing and reach commercial operation.