The Orana Battery Energy Storage System, proposed by Akaysha Energy, includes the construction and operation of a 415-megawatt (MW) / 1,660-megawatt hour (MWh) lithium-ion battery energy storage system (BESS) and ancillary infrastructure.
The Project is located within the Central-West Orana Renewable Energy Zone, approximately two kilometres north-east of Wellington within the Dubbo Local Government Area.
Key Dates
| Dec 2023 | Construction Commencement |
| Jul 2024 | Contract Award |
| 2026 | Expected Construction Completion |
Financing
| Debt Finance: | Eleven domestic and foreign banks |
|
The lender group is made up of three domestic banks including ANZ, CBA and Westpac, and international banks BNP, Canadian Imperial Bank of Commerce, DBS, ING, Mizuho, Rabobank, Siemens Financial Services through Siemens Bank, and SMBC. |
|
Procurement
| Procuring Agency: | Akaysha Energy |
| Successful Tenderer: | Consolidated Power Projects |
PROJECT HISTORY
| Jun 2022 | The project's scoping report was submitted to, and Secretary’s Environmental Assessment Requirements (SEARs) requested from the NSW Department of Planning, Industry and Environment. |
| Jul 2022 | The NSW Department of Planning, Industry and Environment issued Secretary’s Environmental Assessment Requirements (SEARs) for the project. |
| May 2023 | The project's Environmental Impact Statement was placed on exhibition, closing 13 June. |
| Nov 2023 | The project was awarded a Firming Supply Long-Term Energy Service Agreement by AEMO Services under Tender Round Two of the NSW Electricity Infrastructure Roadmap. |
| Dec 2023 | The project received State Significant Development planning approval from the NSW Department of Planning and Environment. |
| Jul 2024 | Akaysha Energy announced the closing of a $650 million debt raise with a group of eleven domestic and foreign banks. The debt facility has a tenor of three years. |
| Jul 2024 | Consolidated Power Projects announced it had been awarded the Balance of Plant contract. |
| Dec 2024 | Construction commenced on the project. |
Estimated Total Cost
(2022)
Sector
Energy
Procurement approach
Other |
Location
New South Wales |
Resources
