FRV Australia has confirmed that it will receive $7 million in funding from the Victorian government’s Energy Innovation Fund to build the Terang big battery with grid forming inverters.
The Terang battery will be sized at 100MW/200MWh, and is one of two big batteries announced by the Victoria government along with the ground-breaking Koorangie battery in the north of the state that has signed a first of its kind contract to supply “system strength” to the grid.
FRV says the Terang lithium ion battery is the second it has built, after a smaller installation at the 5MW Dalby hybrid solar farm.
But it says it has a “significant pipeline” of battery and hybrid projects at different stages of development. It did not identify them.
FRV’s large scale solar portfolio comprises almost 800MW of projects with a total cost of more than $1 billion.
The company has delivered almost 800 MWdc of operational PV assets across 9 projects in Australia for a total project investment value of over 1 billion dollars.
FRV Australia CEO Carlo Frigerio said: “We are delighted to receive support from the Victorian Government and enable the transition to a reliable renewable system with grid forming inverters battery systems. This is one of FRV Australia’s most advanced BESS projects expected to be built over the next few years”.
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