Out-Law News | 07 Apr 2021 | 12:32 am |
Renewable energy company CEP Energy will build a 150 megawatts (MW) battery in Adelaide, South Australia.
The battery is known as the Lionsgate Energy Storage System (LESS), which is reported to be a part of CEP’s planned network of four battery projects across the country with combined capacity of 1.2 gigawatts (GW).
The battery will be built at the site of former Holden car factory in northern Adelaide. CEP has signed a 45-year lease agreement for a part of the Hold plant site. It is expected to cost at AU$200 million ($152.3m) to build and start construction in 2022.
It said the project will help to address the overload issue of the state’s grid caused by a sharp drop in demand resulting in rooftop solar being excluded from the network for a brief period.