Fotowatio Renewable Ventures (FRV) Australia has announced its acquisition of the Axedale solar and battery storage project, located 20km east of Bendigo in Victoria.
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The Axedale project will have a generation capacity of 140MWac of PV solar energy and a battery storage system of 50MW/100MWh, capable of two-hours of operation. The facility will provide clean, renewable energy to approximately 80,000 homes in Victoria, with an annual output estimated at 369,459MWh.
Axedale is nearing completion of permitting, and executed a connection agreement with AusNet and AEMO in December last year.
FRV Australia CEO Carlo Frigerio said, “The acquisition of Axedale underscores our commitment to developing innovative projects that blend renewable energy and storage, key elements for ensuring grid stability and advancing towards a cleaner, more efficient energy system. We are proud to contribute to Australia’s renewable energy leadership.”
With this addition, FRV Australia further strengthens its portfolio of eight plants with a combined capacity of nearly 1GW.
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The company is actively hybridising its portfolio and expanding its battery energy storage capabilities, including the Terang and Gnarwarre projects, two large-scale battery energy storage systems in Victoria, currently in construction and early works stages, respectively.
