The Gnarwarre Battery project is a proposed lithium-ion battery energy storage system (BESS) with a capacity of 250 megawatts / 500 megawatt hours, to be located in Gnarwarre, Victoria approximately 20 kilometres west of Geelong.
Key Dates
| 2021 | Acquired by FRV from ACE Energy |
| Aug 2025 | Financial Close |
| Aug 2025 | Construction Commencement |
| Nov 2027 | Expected Construction Completion |
Funding contributions
| Australian Renewable Energy Agency |
Financing
|
The project is financed under the portfolio financing facility closed by FRV Australia in July 2024. The project financing has been provided by a syndicate of 5 financial institutions: Westpac Banking Corporation, United Overseas Bank, Intesa Sanpaolo, KfW IPEX-Bank and Export Development Canada. |
Procurement
| Procuring Agency: | FRV Australia |
| Successful Tenderer: | Samsung C&T |
| Related contracts: |
PROJECT HISTORY
| 2021 | Fotowatio Renewable Ventures Australia (FRV) acquired the project from Ace Energy. |
| Jul 2022 | The project was shortlisted to receive funding under ARENA's Large Scale Battery Storage Funding Round. |
| Dec 2022 | FRV was awarded conditional funding from ARENA for the project. |
| Aug 2025 | FRV Australia announced that the project had reached financial close, financed under the portfolio financing facility closed in July 2024. |
| Aug 2025 | Main works construction commenced on the project, with completion forecast for late 2027. |
Sector
Energy
Procurement approach
Unconfirmed |
Location
Victoria |
Resources
