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From Byron Bay to Toorak: the how and why of property investing

Private investors are weighing up market conditions, the cost of money and expected yield before ploughing into retail and industrial real estate. ....

Mark Talbot , Lewis Waddell , Vinca Group , Precinct Capital , Australian Financial , Toorak Village , Euro Collections ,

Australian industrial precinct to host 28 MW/56 MWh grid-balancing battery


Australian industrial precinct to host 28 MW/56 MWh grid-balancing battery
The battery will serve the industrial precinct of Newcastle in the Australian state of New South Wales. It will not be directly linked to solar or wind generation but will be intended to charge and discharge directly from the grid in response to disturbances or market signals.From pv magazine Australia A joint venture between Australian companies Edify Energy and Precinct Capital has lodged a development application with Newcastle City Council to build a utility scale battery on 0.6 hectares of land within the Steel River Estate industrial area, on the South Channel bank of the Hunter River, in . ....

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Private investor plans 28MW / 56MWh battery project in Hunter, New South Wales


Published: 24 Dec 2020, 11:38
By:
Andy Colthorpe
JV partner Edify retrofitted a battery storage system using Tesla Powerpacks at Gannawarra solar farm in Victoria, and Precinct Capital said that this rare experience of building a large-scale battery project in Australia was a key aspect in the decision to work together. Image: Australian Renewable Energy Agency (ARENA).
A Sydney-headquartered private investment firm and renewable energy and storage developer have lodged a development application to build a large-scale battery energy storage system in Newcastle, in the Hunter region of New South Wales in Australia.
Investment company Precinct Capital formed a joint venture (JV) with Edify Energy partly due to the latter’s experience of having built a 25MW / 50MWh battery storage system at the 60MW Gannawarra solar farm in the state of Victoria a couple of years ago with solar developer Wirsol. A recent report into that project showed that it has ....

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NBN News | LARGE BATTERY STORAGE SYSTEM TO HELP POWER THE HUNTER'S TRANSITION TO RENEWABLES


A first of its kind 28-megawatt Battery Energy Storage System (BESS), set to be installed in Newcastle, has been earmarked to help the Hunter transition into a renewable energy zone.
A development application for the battery has been lodged with Newcastle City Council, proposing it be built on approximately 1.5 acres inside the Steel River Estate.
If approved, the battery will be the first utility-scale BESS to be constructed in the Hunter and the first in Australia within an existing industrial precinct.
The project is the result of a joint venture partnership between two Australian companies – Precinct Capital and Edify.
Precinct Capital Chairman Bruce Baudinet says the battery facility will be designed to charge and discharge directly from the grid, responding to electricity market signals and disturbances to ensure stability of the grid as renewable energy penetration increases in coming years. ....

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