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ACEN Australia, Marubeni Asian Power Partner For PHP910-M Battery Energy Storage System
- By The Financial District
- Mar 6, 2024
- 2 min read
ACEN Australia, a subsidiary of the Ayala Group’s energy platform ACEN Corporation, has entered into a Cooperation Agreement with Marubeni Asian Power Singapore for the joint development of a 200 MW/400 MWh (2-hour) Battery Energy Storage System (BESS) in New South Wales, Australia.
Nurturing a sustainable renewable energy supply in Australia. (Left to right) ACEN Australia head of operations and trading Michael Connarty, Ayala Corporation chairman Jaime Augusto Zobel de Ayala, ACEN President & CEO Eric Francia, and ZEN Energy executives Anthony Garnaut, Ryan McKee, and Geoff Titus I Photo: ACEN Australia
The agreement underscores the collaborative efforts of Marubeni and ACEN to promote sustainable renewable energy supply in Australia, according to ACEN's disclosure to the Philippine Stock Exchange (PSE).
David Pollington, Managing Director of ACEN Australia, highlighted, “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 delivering clean electricity for Australian homes and businesses.”
“The agreement marks another milestone for ACEN Australia’s flagship project, New England Solar, which is set to become one of the nation’s largest co-located solar and battery energy storage facilities,” he added. Once completed, the project will contribute significantly to the National Electricity Market (NEM).
Under the agreement, the two parties will collaborate on delivering the New England 400 MWh BESS. This 50-50 partnership entails a projected investment of AU$250 million, with a targeted completion by 2025.
Moroo Shino, President and CEO of Marubeni Asian Power Singapore, commented, “It is our pleasure to sign the MoU with ACEN Australia 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, a 720 MW solar and battery project underway near Uralla in the New South Wales (NSW) New England region, comprises both Stage 1 (400 MW) and Stage 2, which will commence construction in 2024.
The project enjoys support from host landholders, First Nations, and the Uralla community.
Transgrid Group’s contestable business Lumea will connect the grid-forming BESS to the electricity grid, bolstering a secure energy supply as the network transitions towards new renewable generation and energy storage.
Brett Redman, Transgrid CEO, expressed, “The Transgrid Group, through our contestable division Lumea, is proud to work with ACEN Australia on this significant project. The team is excited to connect the battery energy storage system (BESS) to the electricity network - it’s a significant step forward in the energy transition and for Australia’s electricity consumers.”
ACEN Australia highlighted that its renewable platform represents over 1 GW capacity of large-scale renewable energy generation under construction and in operation, with over 8 GW capacity in the development pipeline.
The portfolio includes solar, wind, battery, and pumped hydro projects across Australia.
