Energy Storage News•15 days ago
Australia: Victoria government accelerates 700MW of battery storage via Development Facilitation Program
Key Takeaway
Government programs can significantly accelerate large-scale battery storage deployment, creating opportunities for developers and improving grid reliability for large consumers.
AI Summary
- •Victoria government fast-tracked approval for two large-scale BESS projects totaling 700MW via its Development Facilitation Program (DFP).
- •This signals strong government policy support and streamlined pathways for significant battery storage development in Victoria, Australia.
- •For large power consumers, this enhances grid stability and reliability, potentially mitigating price volatility from intermittent renewables.
- •Developers can view the DFP as a model for accelerated project approvals in regions prioritizing grid modernization.
Topics
policystorage