Copenhagen Infrastructure Companions is sharpening its concentrate on long-term storage in Australia with the acquisition of the proposed Bowen Renewable Power Hub venture, which is predicted to mix 1.4 GW of pumped hydro storage with large-scale photo voltaic and wind technology.
from Australia’s pv journal
Copenhagen Infrastructure Companions (CIP) has confirmed that it has acquired a set of tasks comprising the Bowen Renewable Power Hub, a scaled built-in technology and storage venture being developed within the Australian state of Queensland.
The venture, to be referred to as the Capricornia Power Hub, will combine 1.4 GW of pumped hydro tasks with greater than 1 GW of photo voltaic, a 500 MW wind farm, battery power storage, and a hydrogen electrolyzer to assist export-scale hydrogen. manufacturing.
The unique builders, Renewable Power Companions and Bowen River Utilities, mentioned the primary section of the pumped hydro venture was designed to ship 750 MW and 16 hours of storage (12,000 MWh). The second section is predicted to supply an extra 12,000 MWh of storage.
CIP Australia Vice President Matthew Stuchbery mentioned the power hub was in step with the corporate’s technique to pursue extra power storage applied sciences to assist Australia’s transition to renewables.
“We’re completely investing in issues like battery storage, however we see {that a} portfolio strategy even for storage is required to satisfy Australia’s wants,” he mentioned. “Batteries are a fit-for-purpose expertise for shorter durations of time, however there is no such thing as a different industrial expertise accessible that operates over the identical time frame on the identical scale as pumped hydro does .”
The unique builders indicated that the primary section of the pumped hydro venture can be on-line by 2028. Stuchbery mentioned the CIP will overview the timeline, however will make sure the venture stays on observe to ship important financial savings by the tip of the last decade.
“We’re concentrating on a closing funding resolution in the course of this decade,” he mentioned.
CIP, a serious participant within the growth of renewable power tasks throughout Europe, mentioned it is going to now take a look at the progress of the approval course of and geotechnical investigations. It can proceed to work with Queensland state-owned CS Power, which signed an settlement earlier this 12 months with the venture’s most important proponents for a possible energy buy settlement. The funding provides to CIP’s quickly rising pipeline of renewable power tasks in Australia, which features a stake within the 2.2 GW Star of the South wind venture in Bass Strait, off the coast of Victoria.
CIP can also be partnering with Hydrogen Renewables Australia to develop the 5 GW Murchison Renewable Hydrogen Challenge close to Kalbarri, Western Australia.
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