Global Power Generation, a leading international renewable energy company, has had its Tarrone Battery Energy Storage System (BESS) project fast-tracked through the Victorian Government’s Development Facilitation Program - a pathway that streamlines approvals for major projects, reducing risks and application time-frames.
The battery will store low-cost renewable energy during the day and dispatch it back into the electricity grid during peak demand, supporting grid reliability while helping to reduce energy costs for Victorian households and businesses.
This BESS project will be able to store up to 200MWh of energy during times of high generation and will have the capacity to supply around 69,000 households at times of peak demand.
The $190 million project is also expected to create more than 100 jobs across all stages of construction, as well as two full-time ongoing roles for when the storage system becomes operational.
The decision follows consultation with residents, stakeholders, council, the Country Fire Authority, Ausnet, Worksafe and Moyne Shire Council.
Last year, the Government expanded the Development Facilitation Program—which streamlines planning approvals for major projects delivering significant economic, social, and environmental benefits—to include renewable energy projects, accelerating the delivery of cleaner, more affordable energy.
Since then, the program has fast-tracked $4.4 billion worth of renewable energy projects. These 16 projects have the potential to power around 540,000 households annually, and battery storage capacity meeting evening peak demand for more than 1 million households.
Prior to this fast-tracked pathway, more than one in five renewable energy project applications faced delays in the Victorian Civil and Administrative Tribunal (VCAT), frequently postponing investment by up to two years. This pathway reduces such risks, improving investor confidence.
Victoria’s substantial renewable energy investments have driven the lowest wholesale power prices nationwide, supporting affordability and market stability. These efforts are critical to meeting Victoria’s 50% renewable energy target by 2030, providing a solid foundation for investor certainty.
With abundant natural resources and growing battery storage capabilities, Victoria is advancing toward its renewable energy targets, generating $9.5 billion in economic development and opening strong opportunities for investors in a reliable, sustainable energy future.
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