Risen Energy starts construction of 121MW Yarranlea solar project in Australia

Thanks to a generous subsidy plan, high electricity prices and soon-to-be-expired feed-in-tariff (FiT) subsidies, Australia has become the world's largest market of energy storage for home use, with market size tripling last year. Increasingly, non-Australian manufacturers and developers are targeting the market by speeding up their efforts in the country, including Chinese leader Risen Energy.

Thanks to a generous subsidy plan, high electricity prices and soon-to-be-expired feed-in-tariff (FiT) subsidies, Australia has become the world's largest market of energy storage for home use, with market size tripling last year. Increasingly, non-Australian manufacturers and developers are targeting the market by speeding up their efforts in the country, including Chinese leader Risen Energy.

Mr. Zhong said: "We highly value joint development of the Yarranlea project with the Australian government. We are also proud of the fact that the Yarranlea project is our first large-scale EPC project in the country. The project has also received regulatory approval for the development of integrated energy storage. We have set up specific zones for energy storage onsite. The competence in energy storage means spare electricity in the daytime could be stored and used during peak periods and at night, further enhancing profitability and reducing power generation costs of the Yarranlea station. We look forward to close cooperation with leading suppliers to ensure successful completion and operation of the project, with the aim of providing regenerable energy to Toowoomba and Darling Downs."

Mr. Zhong added: "In addition to Queensland, we are targeting other states across Australia, most notably Victoria, New South Wales and Western Australia. To facilitate development of the project, we have assigned experienced experts to analyse our ongoing projects, while preparing for development of additional power stations that we will own and operate ourselves. We plan to expand further in Australia over the next five years, with a capacity goal of 1GW."

Photo - https://mma.prnewswire.com/media/694699/Risen_Energy.jpg