Octopus Australia Acquires 1.2 GW Hanworth BESS and Dunmore Solar & Battery Projects

Octopus Australia has acquired the Hanworth Battery Energy Storage System in New South Wales and the Dunmore Solar and Battery project in Queensland. The acquisitions include a planned 1.2 GW / 4.8 GWh battery, set to become Australia’s largest, and a 300 MW solar project paired with 150 MW of battery storage.

Transaction date: · Source: octopusinvestments.com.au

Key facts

Transaction date
Capacity
1,350 MW
Transaction price
Not disclosed
Country
Australia
Region
New South Wales; Queensland
Location
Hanworth BESS near Bannaby, west of Bowral (NSW); Dunmore near Toowoomba (Queensland)
Continent
Oceania
Development status
Under Development
PPA
n.a.

Technology details

The Hanworth Battery Energy Storage System is planned at full scale with 1.2 GW of power capacity and 4.8 GWh of storage capacity, connecting to Transgrid’s Bannaby Terminal Station. The Dunmore project combines a 300 MW solar PV plant with a 150 MW / 300 MWh battery energy storage system, forming a hybrid solar-plus-storage facility.

Additional information

Octopus Australia acquired two major renewable energy developments as part of its strategy to replace retiring coal-fired power stations with firmed renewable capacity. The Hanworth BESS, acquired from Enervest, is expected to become the largest battery project in Australia and will support long-term electricity supply contracts for large customers. The Dunmore Solar and Battery project, acquired from Samsung C&T Renewable Energy Australia, represents Samsung C&T’s first renewable energy transaction in Australia. Both acquisitions strengthen Octopus Australia’s multi-asset portfolio approach combining solar, wind and storage across multiple regions.

Source

Original announcement: https://octopusinvestments.com.au/insights/new-titan-of-the-grid-octopus-australia-to-build-nations-biggest-battery-as-more-queensland-and-nsw-energy-projects-are-snapped-up/

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