Investigators are still trying to find out the cause of the explosions and fire at the Queensland coal-fired power station which resulted in a state-wide blackout last week.
Financiers back Qld’s biggest battery energy storage system
By Tony Zhang|11 January 2021
Ashurst and DLA Piper have advised on the financing of Vena Energy’s Wandoan South Battery Storage System in Australia.
Firm: Ashurst (Vena Energy); DLA Piper (Financiers: BNP Paribas, DBS Bank and ING).
Deal: Global law firm Ashurst has acted for Vena Energy on obtaining debt financing for the development of the Wandoan South Battery Energy Storage System (Wandoan South BESS) near Wandoan, Queensland. Vena Energy is a prominent and leading renewable independent power producer in the Asia-Pacific region.
DLA Piper advised BNP Paribas, DBS Bank and ING Bank N.V. on their financing of Vena Energy’s new project. All three banks were joint mandated lead arrangers for the Wandoan South BESS, which reached financial close on 14 December 2020.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Vena Energy Selects Doosan GridTech To Deliver Queensland’s Largest Grid-Scale Energy Storage System (100MW/150MWh)
December 14, 2020 GMT
BRISBANE, Australia (BUSINESS WIRE) Dec 14, 2020
Vena Energy-Australia has named Doosan GridTech as its engineering, procurement, and construction (EPC) partner to build Queensland’s largest energy storage system. This battery energy storage system (BESS) will play a major role in improving grid stability and supporting the state’s shift to renewable energy. Located near Wandoan in the state’s southwest region, the BESS will have a discharge capacity of 100MW and deliver 150MWh enough to provide power for 57,000 homes.
Published: 15 Dec 2020, 06:52
By:
Artist rendering of the Wandoan South BESS project. Image: Vena Energy.
Vena Energy Australia has achieved financial close for its 100MW / 150MWh Wandoan battery energy storage system (BESS) project in Queensland and named Doosan GridTech as engineering, procurement and construction (EPC) partner.
The local arm of Singapore-headquartered independent power producer (IPP) Vena Energy, focused on renewable energy projects in wind and solar across the Asia-Pacific region, signed a 15-year contract for operational dispatch rights to the Wandoan project with major Australian utility AGL, announced towards the beginning of this year.
Vena Energy said this morning that it has now achieved financial close for what will be the Australian state of Queensland’s largest battery project so far. It revealed that construction had begun in October on the AU$120 million project, located in the Western Downs region of Queensland. The battery system