Having its ambition to add 12 GW of renewable energy sources and fire capacity by 2035, the Australian Gas Light Company (AGL) Energy has the Yadnarie Solar and Long-Duration Energy Storage Project from the Dutch headquarters purchased Clean Energy Developer Photon energy.
Yadnarie is located in Cleve, South Australia (SA), 570 km northwest of Adelaide and uses Melbourne’s technology with a Melbourne with a clean energy generation developer Raygen Resources, where “PV Ultra” is involved in concentrating sunlight on Austic Zonnemodules.
Heat caught from the concentrated solar energy (CSP) modules is stored in water reservoirs for on -demand electricity shipment via organic Rankine Cycle (ORC) turbines.
Raygen CEO Richard Payne said that Yadnarie is a groundbreaking project and will be the first effort of his technology.
“We are pleased to see our long -term strategic partner Agl invest in the project. Their extensive energy market activities and deep appreciation for the unique possibilities of our technology mean that they are ideal to limit the project in the next phase,” Payne said.
“When rasters all over the world, there is an increasing demand for our technology, which combines a highly efficient solar Zonne, sun, long -term storage and raster -stabilizing services such as real slowness.”
Says Raygen Yadnarie It is expected that it will be used in phases, starting with one block of 50 MW of solar energy, 30 MW schedule connections and eight hours of storage, put into use in Q2, 2027. A final phase consisting of an additional two blocks of Solar Zon, 60 MW grid connection and until at least eight hours’ storage, will be in 2030.
AGL Power Development General Manager Travis Hughes said that AGL has long been an early supporter and adoptor of innovative energy solutions such as Raygen.
“This development has the potential to be a reliable and affordable solution for the challenges of long -term energy storage while Australia is switching to a renewable energy system,” Hughes said.
The project offers AGL a development option during the two phases that reportedly include payment of Aud 1.9 million ($ 1.2 million) in 2025, Aud 3.9 million in 2026 and AUD 1 million after commissioning, with extra payments to follow as AGL to expand the project.
AGL is an investor In Raygen and has a purchase agreement for production at Raygen’s 4 MW Sun and 2.8 MW/50 MWh storage Carwarp Power Plant In Victoria.
Development property inspection
Photon Energy, who owns a 5.47% interest in Raygen, announced that it also received development goods inspection for Yadnarie from the SA Department for Energy and Mining.
CEO of Photon Energy Group Georg Hotar said that the sale to AGL marks an important milestone for the bankability of Raygen’s technology, which also uses a power plant in South Africa.
“Obtaining development goods inspection for our Yadnarie project validates the ability of Photon Energy to develop and develop large-scale, innovative energy infrastructure,” Hotar said.
“The Yadnarie project shows the future of hybridized solar and storage and we are proud to work with Raygen to bring it so far.”
