Big battery splurge sets cracking pace for 2025, as wind and solar investment has best year since 2018 (Australia)
Big battery splurge sets cracking pace for 2025, as wind and solar investment has best year since 2018 (Australia)
Big battery splurge sets cracking pace for 2025, as wind and solar investment has best year since 2018
Australia has notched up a “remarkable run” on big battery investment in the first quarter of 2025, with six projects worth $2.4 billion and a combined 1,510 megawatts (MW) of capacity and more than 5 gigawatt-hours of storage duration reaching financial close in just three months.
New quarterly data from the Clean Energy Council (CEC) details a flying start to what promises to be a big year for firming, as investment dollars flow to both stand-alone battery energy storage systems (BESS) and to hybrid projects with batteries included alongside big wind and solar.
“This is the second-best quarterly result on record in terms of energy output,” the report says, and the “best annual start for new storage projects on record,” and all with the uncertainty of a federal election thrown into the mix.