Vena Energy achieves financial close for $120m Wandoan South BESS

15 December 2020 (Last Updated December 15th, 2020 15:52)

Vena Energy Australia has achieved financial close for $120m Wandoan South battery energy storage system (BESS) in the state of Queensland.

Vena Energy achieves financial close for $120m Wandoan South BESS
Artist rendering of Wandoan South BESS. Credit: Vena Energy.

Vena Energy Australia has achieved financial close for $120m Wandoan South battery energy storage system (BESS) in the state of Queensland.

With a capacity to discharge up to 100MW and 150MWh of energy storage capacity, Wandoan is claimed to be the state’s largest BESS facility.

Vena Energy Australia head Anil Nangia said: “We are delighted to be delivering the first stage of Vena Energy’s Wandoan South Project in the Western Downs region of south-west Queensland.

“The Wandoan South BESS represents the first milestone of Vena Energy’s overarching Wandoan South Project, approved to generate up to 650MW of solar electricity, and 450MW of energy storage across several stages.”

The facility can meet the power requirements of nearly 57,000 homes in the region.

Construction works began in October, after the engineering, procurement, and construction (EPC) contract was awarded to Doosan GridTech Australia.

Nangia added: “We look forward to participating in the transition towards renewable energy in Queensland by delivering the Wandoan South BESS in the heart of the Western Downs.

“The BESS represents a step-change in Queensland’s transition to a cleaner energy future and will lead the way for more investment in Queensland’s adoption of renewable energy.”

The financial closure follows the 15-year agreement signed by Australian energy generator and retailer AGL for full operational dispatch rights for the Queensland’s biggest battery project.

AGL chief operating officer Markus Brokhof said: “As part of our agreement, AGL will have full operational dispatch rights once it begins operating in 2021, providing critical support to our growing portfolio of energy storage assets.”