Iberdrola buys a battery storage project in Australia in which it will invest 275 million
Iberdrola has acquired from the RES Australia group the Tungkillo battery storage projectlocated in South Australia, which will involve an investment of 275 million euros.
According to Iberdrola, this infrastructure, which will have 270 megawatts (MW) and a storage capacity of 1,080 megawatt hours (MWh)has all the key approvals and its very advanced connection rights, in addition to the land already secured. Its entry into operation is expected in 2028.
The Australian system requires a significant increase in battery storage capacity to integrate new renewable capacity and provide flexibility to the system. The location of the Tungkillo project, in the south of the country, is optimal to provide this service.
In the case of Iberdrola Australia, furthermore, the storage systems provide backup capacity for its portfolio of energy sales contracts to customers. The company has two other projects under construction, Smithfield (in New South Wales) and Broadsound (in the state of Queensland)which will come into operation in 2026.
The purchase of the Tungkillo battery system is fully consistent with the 2025-28 plan recently presented by the Groupwhich foresees total investments of more than 1,000 million euros in Australia – a country with an AAA credit rating -, mainly in the development of batteries.
