Energy Storage News•about 10 hours ago
Lightsource bp sells 800MWh of co-located battery storage in Australia to Aula Energy
Key Takeaway
The sale of a large operational solar portfolio with significant co-located storage options underscores the growing market demand and strategic importance of hybrid renewable energy solutions for grid stability and future energy supply.
AI Summary
- •Lightsource bp sold a 1GW operational solar PV portfolio in Australia to Aula Energy.
- •The transaction includes options for Aula Energy to develop 800MW of co-located battery storage alongside the solar assets.
- •This deal highlights the increasing market value and strategic importance of integrated solar-plus-storage solutions for grid stability and renewable energy deployment.
- •For developers and IPPs, it signals strong M&A activity and demand for operational renewable assets with significant future storage potential.
- •For large power consumers, the integration of substantial storage capacity with solar enhances grid reliability and the firming of renewable energy supply.
Topics
financingm&asolarstorage