The Australian government has awarded 16 projects of dispatchable renewable capacity on its third tender of the country’s Capacity Investment Scheme (CIS). The CIS Tender 3 received a total of 124 proposals with a combined capacity of 34 GW/135 GWh, of which only 16 renewable energy projects with lithium-ion batteries were selected to deliver 4.13 GW/15.37 GWh (out of the available 4 GW/16 GWh) of dispatchable capacity to the Australian National Electricity Market (NEM). The projects are expected to come online by the end of 2029 to provide enough energy storage to support the peak load of more than 3.5 million households.
Among the successful bidders there is Lightsource bp’s Goulburn River Standalone BESS (450 MW/1.37 GWh), Atmos Renewables’ Teebar BESS (400 MW/1.6 GWh) and ACEnergy’s Little River BESS (350 MW/1.4 GWh).
Australia has allocated a total of 5.85 GW of capacity across 19 projects through its previous CIS tenders. The country targets to deliver 40 GW of renewable and dispatchable capacity by 2030.
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