Naturgy debuts in hybrid projects to generate and store electricity with sunlight with an investment of 160 million in Australia
The Spanish energy naturgy will begin before the end of the year the construction in Australia of its first hybrid project, to generate and store electricity from photovoltaic energy, in which it will invest 160 million and which it hopes will be operational in the first quarter of 2024.
As reported by the company in a statement, the operation is carried out through its Australian subsidiary, Global Power Generation, and will be located in Cunderlin, Western Australia. There will be installed 125 MW photovoltaic solar capacity and a system of energy storage in batteries up to 220 MWh. When it can be commercialized, in approximately a year and a half, Naturgy expects that it will support the Australian wholesale energy market in periods of maximum energy demand.
This is its first hybrid project -generation and storage- and it is unique in Australia, where it already has wind projects and it is his first foray there in photovoltaics.
“We want to reach 60% of installed power from renewable sources in the coming years and projects like Cunderdin show that our will is firm”, he declared. George Barredo, the General Director of Renewables, New Businesses and Innovation at Naturgy. The company plans to invest 1,400 million until 2025, of which two thirds will be dedicated to promoting renewable generation.