Recently, Libra Energy in Queensland, Australia, announced that it has submitted a development application to the planning department for an 850MW/3400MWh, 4-hour battery energy storage project near Ipswich in the southeastern part of the state.
The project is located near Rosewood, about 20 kilometers from Ipswich, and covers an area of approximately 15 hectares. The scope definition study for the project has been completed, and it has received approval from the grid operator. Currently, the project is undergoing feasibility studies and connection applications. If approved smoothly, the project is expected to be operational by 2027.
Queensland is committed to achieving a 70% renewable energy target by 2032 and 80% by 2035, gradually reducing its reliance on coal-fired power. To achieve this goal, the state is vigorously developing photovoltaics, currently boasting over one million rooftop solar installations. However, this also brings pressure on the local grid, making large-scale storage projects crucial for absorbing excess generation.
"We need to be able to increase storage capacity; grid-scale energy storage is essential to ensure that Queensland residents can continue to sell their excess energy to the grid," said Rod Stephenson, Chairman of Libra Energy. "Queensland residents install rooftop photovoltaics to reduce their own energy costs and sell excess electricity back to the grid."
Libra Energy is an Australian green energy project developer headquartered in Brisbane, Australia, developing solar and wind projects in Africa and Asia. Besides Australia, the company is developing three projects in Sierra Leone, totaling 300MW of photovoltaics and 30MW/60MWh of storage. The company is in discussions with potential customers for solar projects in Indonesia, Gambia, Serbia, Montenegro, Guinea, Liberia, the Democratic Republic of Congo, Zambia, Thailand, Sierra Leone, Burundi, and Nigeria. It plans to develop 30GW of renewable energy power plants over the next 25 years.
Sourceļ¼PV ESS PLANET