Energy Storage News•about 1 month ago
Octopus Australia reaches financial close on 486MWh DC-coupled solar-plus-storage site
Key Takeaway
The successful financial close of this massive DC-coupled solar-plus-storage project underscores the increasing maturity and investment appeal of integrated renewable energy solutions.
AI Summary
- •Octopus Australia achieved financial close on a AU$900M (US$587M) DC-coupled 300MW solar + 243MW/486MWh BESS project in New South Wales.
- •This large-scale hybrid facility demonstrates significant investor confidence in integrated renewable generation and storage solutions.
- •The DC-coupled architecture offers potential efficiency gains and streamlined integration for future projects, a key consideration for developers.
- •For large power consumers, this project represents a substantial new source of dispatchable renewable energy entering the market.
Topics
financingsolarstorage
Article Content
Octopus Australia has achieved financial close on a AU$900 million (US$587 million) DC-coupled hybrid facility that combines 300MW of solar generation with a 243MW/486MWh battery energy storage system (BESS) in New South Wales.