Naturgy, through its subsidiary Global Power Generation, a joint venture of Naturgy Energy Group, SA (75%) and the Kuwait Investment Authority (25%), acquired the Cunderdin hybrid PV solar and energy storage project, with a circa 125 MWdc (100 MWac) solar PV capacity and a 55 MW / 220 MWh battery energy storage system from SBP, a renewable energy developer.

The project is located in Cunderdin in Western Australia, approximately 150 km east of Perth. It will be connected to Western Australia’s South West Interconnected System (SWIS). The Project’s construction is expected to officially start in the last quarter of 2022, while the commercial operation is anticipated to commence in the first quarter of 2024.

Integrating a Battery Energy Storage System (BESS) with a large-scale photovoltaic (PV) power project will enable further flexibility in the operation, allowing the project to also support the Wholesale Energy Market in the SWIS during peak demand periods. The innovative configuration of the integrated dc-coupled BESS improves energy conversion efficiencies and contributes to driving down solar-plus-storage costs compared with the conventional AC-coupled facilities.

MET Group, an integrated European energy company, recently acquired a 100% stake in 60 MW of greenfield photovoltaic development project from TOREN Spolka Aksyjna, a polish renewable project developer in Poland. With this acquisition, MET Group is growing its European renewables portfolio by expanding into the Polish market.

According to Mercom’s 1H and Q2 2022 report, 66 large-scale solar project acquisitions in Q2 2022 compared to 82 transactions in Q1 2022. Cypress Creek Renewables, a project developer and an independent power producer, acquired a 100 MW solar transmission project from Carson Power, a solar and storage developer. The project is in Rochester, New York, U.S., currently in the early stages of development and is expected to be operational by 2026.