The 'Victorian Big Battery' is a project proposed by Neoen and Mondo Power. The project comprises a 600 megawatt battery energy storage system (BESS) at Moorabool, six kilometres northwest of Geelong, Victoria. The project will use Tesla batteries and will be developed with AusNet Services.
Construction of the facility will involve:
- installation of up to 600 megawatts of battery storage capacity
- switch rooms and ancillary equipment, and
- site works, such as earthworks and drainage.
It is likely the battery facility would be built in two stages.
The project aims to provide Fast Frequency Response services to the National Electricity Market and act as a reserve to augment power supplies in Victoria.
|Feb 2021||Financial Close|
|Feb 2021||Construction Commencement|
|Nov 2021||Expected Construction Completion|
|Debt Finance:||Clean Energy Finance Corporation|
|Procuring Agency:||The Victorian Government selected Neoen to finance and deliver the project.|
Neoen was selected to deliver the project through the ‘System Integrity Protection Scheme’ (SIPS) procurement process undertaken by the Australian Energy Market Operator (AEMO) on behalf of the Victorian Government.
|Mar 2020||The Victorian Government was granted an exemption to sections of the National Electricity Law and the National Electricity Rules, allowing the Victorian Government to request that AEMO procure up to 250 MW of additional peak capacity on its behalf, and for this procurement to be exempt from the regular RIT-T and procurement processes undertaken by AEMO for transmission augmentation projects.|
|Apr 2020||A project proposal was submitted by the proponents to the Federal Government's Department of Environment and Energy for assessment under the Environmental Protection and Biodiversity Conservation (EPBC) Act. The project would be the largest battery storage facility in the country, at four times the size of the 150 megawatt 'Tesla Big Battery' in South Australia, which is also operated by Neoen.|
|Nov 2020||The Victorian Government announced Neoen will finance, construct, operate and maintain the Victorian Big Battery. Neoen was selected to deliver the project through the ‘System Integrity Protection Scheme’ (SIPS) procurement process undertaken by the Australian Energy Market Operator (AEMO) on behalf of the Victorian Government. Under the contract, Victoria will pay $84 million over 11 years to access 250 megawatts (MW) from the 300 MW battery during peak periods.|
|Feb 2021||The project reached financial close, securing $160 million in debt finance from the Clean Energy Finance Corporation, and announcing Tesla as the proponent to deliver the battery.|