Waratah Super Battery backs grid transformation
Largest standby network battery in the Southern Hemisphere
The 850 MW/1680 MWh Waratah Super Battery is set to play a significant role in Australia’s transition to net zero emissions.
in Southern Hemisphere
Battery storage underpins a future balanced grid, ensuring that more clean energy can reach more consumers and providing network stability as coal continues to exit the network earlier than predicted. Our investment in the Waratah Super Battery supports a secure grid powered by renewable energy and fit for a future, low emissions economy.Ian LearmonthCEO, CEFC
The CEFC committed $100 million to accelerate the development of the Waratah Super Battery as part of a $500 million raising by BlackRock Private Markets.
BlackRock has also secured commitments from Australian and global institutional and sovereign co-investors including NGS Super.
The CEFC has co-invested with BlackRock in the renewables sector since 2016.
BlackRock is pleased to invest in the Waratah Super Battery, on behalf of our clients, to deliver the storage capacity needed to enable greater reliability and resilience to the power grid that will help Australia achieve its renewable ambitions.Charlie ReidAPAC Co-head of Climate Infrastructure, BlackRock
A priority project for a net zero future
The Waratah Super Battery (WSB) is expected to be the
be built on the site of a decommissioned coal-fired power station on the NSW Central Coast.
Investing to support increased levels of clean energy
Disruptions to Australia’s energy supply have highlighted the need to strengthen our electricity transmission network so it can bring increased flows of renewable energy to Australian consumers.
Through its WSB investment the CEFC is contributing to the development of a 21st century electricity grid.
CEFC finance has also backed the development of the Capital Battery in the ACT, the Victorian Big Battery, the expansion of Hornsdale Power Reserve in South Australia and transmission related projects including EnergyConnect and the Southern Downs Renewable Energy Zone.