On October 3, Osaka Gas agreed to jointly develop multiple large solar (large-scale solar energy generation) and battery storage projects in eastern Australia with ACE Power Development Pty Ltd, a Australia's renewable energy development.
Business plan diagram
(source: Osaka Gas)
The project will consider installing super-large solar power plants with a total capacity of over 300 MW in Queensland and New South Wales, and storage batteries with a total capacity of over 500 MW as a regulating force to deal with the load on the power system due to the introduction of renewable energy. Aiming to start construction in 2025-26
Image of business sector in Australia
(Source: Osaka Gas)
Osaka Gas Energy Oceania Pty Ltd (OGEO), a wholly owned subsidiary of Osaka Gas, and ACE Genesis HoldCo Pty Ltd, a wholly owned subsidiary of ACE, will each invest 50%. In the near future, we plan to establish a joint venture company for each project and carry out procedures related to business development such as applying for a license, a grid connection license for the project, and signing a contract. electricity trading agreement.
Osaka Gas Corporation aims to contribute to the dissemination of 5,000MW (5GW) of domestic and foreign renewable energy sources by fiscal 2030, including those we develop and own as well as those Buy from other companies. This will be our first entry into the large solar and battery storage business in Australia.
