ACEN Australia (of the Ayala Group) and Marubeni Asian Power Singapore have signed a Cooperation Agreement to jointly build a 200 MW/400 MWh (2-hour) Battery Energy Storage System (BESS) in New South Wales, Australia. The agreement was signed during the Philippine Business Forum in Melbourne, Australia, and delivered to the Philippines' President, Ferdinand Romualdez Marcos Jr. David Pollington, ACEN Australia managing director, said the agreement shows the collaborative efforts of Marubeni and ACEN to promote the sustainable supply of renewable energy in Australia. “ACEN has a bold strategy to help Australia transition to a clean energy future, and we are excited by this partnership with Marubeni. Battery storage will play a critical role in bringing renewable energy projects to life and clean electricity for Australian homes and businesses.
“The agreement is another milestone for ACEN Australia’s inaugural project, New England Solar, which stands as a major contributor to the National Electricity Market (NEM). Once finished, it will be one of the nation’s largest co-located solar and battery energy storage facilities and enables energy to be stored and made available to the grid when it is needed.” The agreement binds the parties to collaborate on the delivery of the New England 400 MWh BESS. The 50-50 collaboration includes an estimated investment of AU$250 million and a target completion date of 2025. Moroo Shino, Marubeni Asian Power Singapore president and CEO, added: “It is our pleasure to sign the MoU with ACEN Australia in the forum and expand our collaboration outside the Philippines. We believe the project will be successfully materialized through the strength and cooperation of both companies.” New England Solar is a 720 MW solar and storage project being built in stages in Uralla in New South Wales (NSW)'s New England region. Stage 1 of the solar plant (400 MW) began delivering clean, renewable electricity for NSW and Queensland in 2023. Stage 2 will begin construction in 2024. This arrangement represents the first stage of the 200 MW battery, with the possibility for significant future expansion. The project is being carried out with the assistance of host landholders, First Nations, and the Uralla community. Lumea, Transgrid Group's contestable business, will connect the grid-forming BESS to the grid, ensuring a steady supply of energy as the network transitions from old coal-fired power plants to new renewable generation and energy storage. Brett Redman, Transgrid CEO, said: “The Transgrid Group, through our contestable division Lumea, is proud to work with ACEN Australia on this significant project. The team is excited to get on with the job of connecting the battery energy storage system (BESS) to the electricity network - it’s a very big step forward in the energy transition and for Australia’s electricity consumers.” ACEN Australia's renewable platform includes more than 1 GW of large-scale renewable energy generation under construction and operation, as well as more than 8 GW in the development pipeline, with a portfolio of solar, wind, battery, and pumped hydro projects across Australia. ACEN (PSE:ACEN) is the listed energy platform of the Ayala Group. The company has ~4,800 MW of attributable capacity from owned facilities in the Philippines, Australia, Vietnam, Indonesia and India, with a renewable share of 99%, which is among the highest in the region. ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 20 GW of renewables capacity by 2030. ACEN is committed to transition the company’s generation portfolio to 100% renewable energy by 2025 and to become a Net Zero greenhouse gas emissions company by 2050. Marubeni Asian Power Singapore is the APAC business development arm of the Marubeni power division, having developed, owned and now operating ~35,000MW worldwide. It is a part of the Marubeni Group, a diversified Japanese Trading House listed on the Tokyo Stock Exchange. Marubeni has fourteen Business Divisions organised as Lifetstyle, IT Solutions, Food, Agri Business, Forest Products, Chemicals, Metals and Mineral Resources, Energy, Infrastructure Projects, Aerospace & Shipping, Finance, Leasing & Real Estate Business, Construction, Industrial Machinery & Mobility and Power. In Australia, among other investments Marubeni owns the energy retailer SmartestEnergy Australia, is a consortium member for Sydney NorthWest Metro and Stage 3 Gold Coast Light Rail PPP, Portland Aluminum Smelter, Boynes Aluminum Smelter and the Roy Hill Iron Ore Mine.
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