(via NewsDirect)
Kiley highlighted the project's strategic advantage of having two grid connections in an unconstrained part of the grid, facilitating swift progression to production. The initial phase includes 120MWdc of solar power and integrated storage, aiming to store energy during low-demand periods and sell during peak hours, leveraging battery technology to optimize energy prices and demand fluctuations.
The project is designed to respond to
The DFS for stage one shows a 30-year operation with strong EBITDA and IRR, forecasting a payback period of 5.7 years post-tax. With a total capital cost for stage one estimated at over
Upcoming milestones include updates on debt financing and strategic partnership discussions, facilitated by Barrenjoey, a leader in renewable energy transactions, to potentially sell a portion of the project and accelerate development.
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