Victoria Partners with OX2 for Landmark Solar and Battery Project

November 20, 2024 02:32 PM AEDT | By Team Kalkine Media

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Victoria Partners with OX2 for Landmark Solar and Battery Project — Image source: shutterstock

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Highlights

OX2 partners with Victoria’s State Electricity Commission for a renewable energy park.

Horsham project will feature a solar farm and a battery energy storage system.

The initiative marks a major step in Victoria's renewable energy transformation.

Swedish renewable energy developer OX2 has partnered with Victoria’s State Electricity Commission (SECV) to establish a renewable energy park in Horsham, Australia. The project, valued at $370 million, will integrate a solar farm and a battery storage system, underscoring the state’s commitment to clean energy. This initiative is the first fully government-owned electricity generation facility in Victoria since the energy sector's privatization in the 1990s.

The SEC Renewable Energy Park in Horsham includes a 119-megawatt solar farm paired with a 100-megawatt two-hour battery energy storage system. Scheduled to begin operations in 2027, the facility will generate approximately 242,000 megawatt-hours annually, providing renewable energy to power around 51,000 homes. The project aims to supply affordable, clean energy to government facilities, including schools, hospitals, and offices.

Victoria’s Labor government has emphasized the importance of renewable energy projects like this to achieve energy security and sustainability. The government revived the SECV in 2022, allocating $1 billion to drive initiatives supporting renewable energy development. The Horsham project marks SECV’s second major announcement following the Melbourne Renewable Energy Hub, a 600-megawatt project developed in collaboration with Equis Australia.

This partnership reinforces OX2's presence in Australia, where it has already developed several hundred megawatts of solar assets. However, the company will not hold a direct stake in the Horsham project. By collaborating with the SECV, OX2 brings its expertise to advance renewable energy infrastructure in the region.

The Horsham project is not only a milestone in Victoria’s renewable energy landscape but also reflects the state’s dedication to creating a sustainable future. The energy generated from the facility will contribute significantly to achieving Victoria’s renewable energy goals while ensuring a stable and reliable power supply for public services.

This initiative aligns with global efforts to reduce carbon emissions and transition towards clean energy solutions. With projects like these, Victoria is setting a benchmark in energy transformation, reaffirming its position as a leader in renewable energy innovation.

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