Energy Storage News•about 2 months ago
HD Renewable Energy secures 20-year offtake for 330MWh Templers BESS in South Australia
Key Takeaway
This 20-year PPA for a large BESS demonstrates strong market demand and financial viability for long-duration energy storage, offering a blueprint for developers and a stable energy solution for large consumers.
AI Summary
- •HD Renewable Energy (HDRE) has secured a 20-year Power Purchase Agreement (PPA) with Zen Energy for its 111MW/330MWh Templers Battery Energy Storage System (BESS) in South Australia.
- •This long-term PPA provides significant revenue certainty for the BESS developer, de-risking the project and facilitating financing.
- •For large power consumers like Zen Energy, this agreement secures a substantial, long-term supply of dispatchable energy capacity, aiding in energy cost management and sustainability targets.
- •The project's scale (330MWh) highlights the growing market for large-scale, long-duration energy storage solutions critical for grid stability and renewable integration.
Topics
capacity-marketfinancingpolicyppastorage