AGL Energy is to tender for 1.2GW of new battery storage by 2024

 

AGL's Nyngan Solar Farm (source: RenewEconomy)

AGL Energy of Australia plans to diversify its energy portfolio into clean energy options after receiving lower profits from its coal generators. It already has some large solar and wind farms and plans to add 1.2GW of battery storage to some of these renewable energy farms by 2024. 

AGL’s chief operation officer, Markus Brokhof, said “Although energy prices are lower, we still see an opportunity to invest as the composition of the portfolio shifts away from coal towards the new firmed renewable energy generation the market will need.” “AGL is to optimise dispatchable generation, support investment in firmed renewables and continue to invest in the accelerating emergence of batteries and other energy storage technologies.” 

Read more: 

- AGL targets 1.2GW of new battery storage by 2024, plans tender. RenewEconomy, August 13, 2020. 

- NSW to fund four new big battery projects as it readies to flick switch from coal. RenewEconomy, August 15, 2020. 

- AGL says batteries starting to compete with gas generators for peaking services. RenewEconomy, August 17, 2020.