GREP will sit in the Gippsland Renewable Energy Zone (GREZ). Image: CEFC.
Australian superannuation (pension) fund Hostplus will invest in a joint venture between Octopus Australia and the national Clean Energy Finance Corporation to build a 3,000-hectare, 1.5GW renewable energy park.
The Gippsland Renewable Energy Park (GREP) will provide clean energy to the grid to help replace the power currently delivered by the 1,450MW Yallourn coal power station which will close by 2028.
GREP will investigate the deployment of various technologies at utility scale, including solar, wind, battery storage and also the potential of green hydrogen. A government document says that the GREP project will provide 1.5GW of power though no source is specific on the generation mix or the expected energy storage capacity.
It is is set to start construction in 2024 with completion in…