Allens has advised the Energy Corporation of New South Wales (EnergyCo) on the appointment of Akaysha Energy to develop the largest standby network battery in the Southern Hemisphere.
The Waratah Super Battery will mitigate wholesale electricity price spikes, reliability issues and broader economic impacts, placing downward pressure on the wholesale electricity market price.
'We are delighted to have been able to support EnergyCo with the delivery of what is expected to be the most powerful battery in the world,' said lead Partner Kate Axup.
'This is a critical piece of infrastructure for the state of New South Wales, and the first to be delivered under the NSW Electricity Infrastructure Roadmap. It is a key step in the move towards ensuring a stable and secure power grid as coal-fired power stations retire.'
Akaysha Energy will develop the 850 MW / 1680 MWh battery at the former Munmorah Power Station site at Colongra, with 700 MW / 1400 MWh of that capacity reserved to respond to, and stabilise, disturbances on the NSW transmission network that will be signalled by a centralised control system operated by Transgrid. Construction on the battery is expected to commence by April 2023, and has a target operational date of March 2025.
Allens legal team
Projects
Kate Axup (lead Partner), Danielle Jones (Managing Associate), Skye Kirby (Managing Associate), Ben van Weel (Senior Associate), Lauren Rosillo (Associate), Anushka Seth (Associate), Katie Ball (Associate), Lydia Ganci (Lawyer), Kim Le (Lawyer)
Real Estate and Development
Felicity Rourke (Partner), Eugene Tan (Managing Associate), Katherine McLellan (Senior Associate), Virginia Dore (Lawyer)
Banking and Finance
Rob Watt (Partner), Michelle Teng (Finance Counsel)
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.