Energy Storage News•23 days ago
Zenith locks in 25-year PPA for 300MWh hybrid storage project at Western Australia gold mine
Key Takeaway
Long-term PPAs for large-scale hybrid renewable and storage projects are a critical and growing market for developers targeting industrial consumers seeking energy security and decarbonization.
AI Summary
- •Zenith secured a 25-year PPA with Northern Star for a 532MW hybrid project, including a 138MW/300MWh BESS, to power the Kalgoorlie gold mine in Western Australia.
- •This long-term PPA signals a growing trend for industrial off-takers to lock in stable, renewable energy supply and pricing for decades, providing revenue certainty for developers.
- •The substantial 300MWh BESS component underscores the increasing demand for integrated storage solutions to ensure reliability and firming for large industrial loads powered by hybrid renewable projects.
- •Developers and IPPs should note the strong market for large-scale hybrid renewable projects with significant storage, driven by industrial consumers seeking decarbonization and energy independence.
Topics
emissionsfinancingppasolarstorage