Portugal-based clean energy firm TagEnergy has achieved financial close on its 150-MW/600-MWh Golden Plains battery energy storage system (BESS) project in Victoria, Australia.
The 150MW/600MWh storage facility will be supported by debt funding from Westpac, Bank of China and Siemens Financial Services, TagEnergy said in a LinkedIn post.
TagEnergy said all construction and supplier contracts are in place for the BESS facility.
The BESS facility will be located at the Gold Plains wind farm and will provide four hours of storage capacity.
The project consists of Tesla’s 168 Megapack 2XL battery system, a substation and an operational facility.
It will be connected to AusNet’s Golden Plains Terminal Station, located off Bells Road in Rokewood, within the already fully operational Stage 1 wind farm.
Battery storage will support more efficient and flexible use of the clean energy generated by the wind farm.
Consolidated Power Projects Australia has been hired to construct the BESS.
Tag Energy expects construction to begin early 2026, with the BESS scheduled to be operational by mid-2027.
Meanwhile, construction of the 1,333MW Golden Plains wind farm’s stage 2 is progressing, while stage 1 is already operational.
The company expects the wind farm to be fully commissioned by mid-2027.