Energy Storage News•about 1 month ago
Australia to launch Capacity Investment Scheme Tender 8 seeking 16GWh energy storage in the NEM
Key Takeaway
Australia's 16GWh energy storage tender presents a major opportunity for developers and investors to secure projects and contribute to grid stability in the NEM, while also signaling future market trends for large power consumers.
AI Summary
- •Australia's DCCEEW is launching Tender 8 under the Capacity Investment Scheme (CIS) later this month, seeking 16GWh of new energy storage capacity for the National Electricity Market (NEM).
- •This tender represents a significant government-backed opportunity for energy storage developers and investors, signaling strong policy support and a clear demand for large-scale storage projects.
- •The initiative will drive substantial investment and competition in the Australian energy storage market, likely influencing future PPA structures and project financing terms for successful bidders.
- •For large power consumers, this influx of storage capacity aims to enhance grid reliability, mitigate price volatility, and facilitate greater integration of renewable energy sources within the NEM.
Topics
capacity-marketfinancingpolicyppastorage