EDP, through EDP Renováveis Australia (EDPR Australia), advanced its growth strategy by guaranteeing long-term revenues for its Australian portfolio. THE company has been selected in the Australian Government’s Capacity Investment Scheme (CIS) Competition #4 for two major hybrid projects: the Punchs Creek Renewable Energy Project in Queensland and the Merino Hybrid Project in New South Wales.
Together, andThese projects will add more than 1.7 GW of solar and battery storage to the Australian energy system. The Punchs Creek project, located in Toowoomba, will have 480 MWp of solar capacity and a 400 MW/1,600 MWh storage system. The Merino Hybrid Project, located near Goulburn, will feature 530 MWp of solar capacity and 450 MW/1,800 MWh of storage.
These projects are expected to come into operation between 2026 and 2029 and, once completed, will have 1.5 million solar panels, generating around 2.2 TWh of clean energy per year, enough to power approximately 380,000 Australian homes.
The Capacity Investment Scheme aims to accelerate investment in renewable energy and storage, ensuring long-term revenue for projects. According to the Australian government, the aim is to add between 32 and 40 GW of new capacity by 2030, supporting the target of 82% renewable electricity on the grid.
EDPR Australia also promises benefits for local communities, with construction of the projects creating more than 1,600 jobs and investments in support programs that will directly benefit communities and indigenous peoples. The company is committed to expanding its presence in Australia, with a pipeline of around 4 GW of projects in development.