07 November 2024
07 November 2024
During his acceptance speech, he reiterated that the US has “more liquid gold than any country in the world. More than Saudi Arabia. We have more than Russia.”
The $340m transaction will close by the end of 2024.
The companies will assess the technical, environmental and economic feasibility of the project.
The move complements Vårgrønn's portfolio of projects under development and construction.
The project will store enough renewable energy to supply a third of Canberra's peak electricity demand.
The Gippsland Dawn project will begin construction in 2029, with an estimated $10bn capital investment.
The study is a key step towards integrating the plant’s 800MW solar and 500MW wind power generation, with an additional 260MW BESS, into the national grid.
The BESS project has been obtained from Grid Systems Services, a subsidiary of Low Carbon.
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