BlackRock commits AUD 1 billion to big batteries in Australia – pv magazine International

BlackRock has acquired Australian battery storage developer Akaysha Energy and its portfolio of nine projects. August 16, 2022 Bella Peacock From pv magazine AustraliaBlackRock has revealed plans to commit more than AUD 1 billion ($703 million) to support the build-out of more than 1 GW of battery storage assets. The acquisition is the first battery storage investment made by BlackRock’s Climate Infrastructure business in the Asia-Pacific region.Akaysha Energy’s portfolio includes the 150 MW/300 MWh Ulinda Park battery project in west of Brisbane, Queensland. It is also the developer behind the Palmerston Battery Energy Storage System (BESS) in Tasmania, which will use grid-forming inverter technology to offer virtual synchronous machine services to the island’s network.Akaysha Energy also plans to deploy a large-scale battery near Wellington, New South Wales. The battery will…

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