- PRESS RELEASE -
Melbourne, Australia / Arlington, VA, USA (9 November 2018) – Nexif Energy, an independent power producer in Australia and Southeast Asia, announced today the signing of an agreement with Fluence, a Siemens and AES company, to deliver a 10 MW battery-based energy storage system at its Lincoln Gap Wind Farm (LGWF), located near Port Augusta in South Australia.
The LGWF project’s energy storage system will reliably integrate the wind farm’s output into Australia’s National Energy Market (NEM) and is one of the first projects in Australia to secure non-subsidised debt financing for an energy storage system. Australia’s Clean Energy Finance Corporation (CEFC) will provide the project debt. This successful financing is indicative of the growing acceptance of energy storage as a robust and reliable technology for Australia.
“We are very excited to work with Fluence on the 10 MW storage system that is integrated with our Lincoln Gap Wind Farm Project. Fluence was selected after a rigorous evaluation process, because they bring to the table a combination of market and technical expertise and the capability to deliver a robust solution with a full turnkey scope, along with providing expert guidance drawn from their long experience in the field, which strengthened the case for this project,” said Srinivas Rao, Executive Vice President, Projects and Operations for Nexif.
The new Lincoln Gap Wind Farm will utilise Fluence’s industrial-grade Advancion energy storage platform to provide improved Fast Frequency Response (FFR) capabilities, helping the project to meet new interconnection requirements for renewable generation projects in South Australia. Furthermore, the LGWF will be able to deliver critical flexibility—in the form of Frequency Control Ancillary Services (FCAS)—directly into the NEM. The energy storage system is targeted for completion by May 2019.
South Australian Minister for Energy and Mining Dan van Holst Pellekaan said the project continues to demonstrate the strong interest from the private sector in developing grid scale storage projects in South Australia.
“Congratulations to Nexif and Fluence on partnering to deliver the 10MW battery at Lincoln Gap wind farm,” Mr. van Holst Pellekaan said. “The addition of a battery will help to provide important grid stability services to the network and better integrate intermittent renewable energy into the grid. It will contribute to the orderly transition to clean energy in South Australia, and aligns with the South Australian Government’s goal of providing South Australian consumers with an electricity system that is affordable, reliable and secure.”
With a capacity of 212 MW, the Lincoln Gap Wind Farm, which will house the energy storage system, is located 15 kilometres west of Port Augusta in South Australia and interconnects through ElectraNet’s transmission system to access to the NEM.
“The Fluence team is proud to support Nexif on this project and support them as they bring clean, low-cost renewable energy to South Australia,” said Mark Leslie, Managing Director, Asia Pacific for Fluence. “Nexif is transforming the energy industry by bringing advanced renewable projects with storage to the market and in the process, showcasing energy storage’s maturity and financeability in Australia.”
The project’s announcement comes just as Fluence opens a new Asia Pacific office in Melbourne, enabling Fluence to service customers like Nexif from a local team. The LGWF energy storage system marks Fluence’s second large storage solution installation in the Australian market this year, following the inauguration of a 30 MW energy storage system in Ballarat, Victoria.
Nexif Energy was formed in August 2015 by Nexif, a Singapore-based independent power management company, and Denham Capital, a leading global energy-focused private equity firm with more than US$9.0 billion of invested and committed capital across eight fund vehicles. Nexif Energy’s goal is to develop, finance, construct and opportunistically acquire conventional and renewable power generation assets across Southeast Asia and Australia. To learn more, please visit http://nexifenergy.com/.
ABOUT FLUENCEFluence, a Siemens and AES company, is a global energy storage technology solutions and services company that combines the agility of a technology company with the expertise, vision, and financial backing of two industry powerhouses. Established in 2018, as the successor to industry pioneers AES Energy Storage and Siemens energy storage, Fluence’s goal is to create a more sustainable future by transforming the way we power our world. The company offers proven energy storage technology solutions designed to address the diverse needs and challenges of customers in a rapidly transforming energy landscape, providing design, delivery and integration in over 160 countries. Fluence works closely with customers during every step of their journey and provides advisory, financing, and project lifecycle services. To date, Fluence’s teams have deployed or been awarded over 700 MW in 16 countries. To learn more, please visit http://fluenceenergy.com/ and follow Fluence on Twitter at @FluenceEnergy.
Communications Manager, Fluence
Tel: +1 703 721-8673