The Bungama Battery, being developed by Risen Energy, is a proposed energy storage system which comprises the development of a 250-megawatt (MW) / 500-megawatt hour (MWh) facility near Port Pirie in South Australia.
The project is being delivered in two stages.
- Stage One comprises a 150 MW / 300 MWh capacity, and
- Stage Two comprises a 100 MW / 200 MWh capacity.
The project will include grid forming inverter technology with a new integration system. The development is to be located adjacent to the existing 275 kilovolt Bungama Substation.
Key Dates
| Aug 2021 | Project Announcement |
| Oct 2024 | Construction commencement - Stage One |
| Feb 2025 | Financial Close: Stage One |
| Mar 2026 | Expected construction completion - Stage One |
Funding contributions
|
The project recieved an unspecified funding contribution from the Australian Renewable Energy Agency to equip the asset with grid-forming inverter technology. |
Financing
|
The project's debt financing is provided by the Commonwealth Bank of Australia, Westpac Institutional Bank, and Export Development Canada. |
Procurement
| Procuring Agency: | Amp Energy |
| Successful Tenderer: | Wärtsilä and Enerven |
| Procurement note: | Wärtsilä will supply the BESS and provide a long-term service agreement. Enerven has been contracted as the Balance of Plant contractor and maintenance provider. |
| Related contracts: |
PROJECT HISTORY
| Feb 2022 | Risen Energy announced the project and submitted a Development Application. |
| Dec 2022 | The Australian Renewable Energy Agency (ARENA) announced the project was one of eight Battery Energy Storage Systems which would receive funding through the ARENA’s Large Scale Battery Storage Funding Round. |
| Oct 2024 | Amp Energy announced that Stage One of the project had commenced construction. |
| Feb 2025 | Amp Energy announced that the project had reached financial close. The project's debt financing is provided by the Commonwealth Bank of Australia, Westpac Institutional Bank, and Export Development Canada. |
