Victoria is positioning itself as a leader in renewable energy, with a strong commitment to clean energy technologies, and the Terang Big Battery project demonstrates this vision.
Located in southwestern Victoria, the Terang Battery Energy Storage System, developed by Fotowatio Renewable Ventures (FRV) Australia, is a large-scale project featuring a 100 MW/200 MWh battery and grid-forming inverters. With construction expected to begin next year, this infrastructure will store clean, affordable renewable energy for use when demand is high, supporting the state’s energy stability.
The project was made possible through a $7 million investment as part of Round 2 of the Victorian Government’s Energy Innovation Fund.
Victoria is transitioning to 95 per cent renewable energy generation by 2035. With large amounts of solar and wind coming online, large-scale storage capacity, like the Terang Big Battery, is essential.
Investors in Victoria can take advantage of the state’s booming clean energy sector. A$1.6 billion energy package supports the creation of renewable energy hubs, innovative projects in battery and storage technologies, and infrastructure modernisation. With robust government backing and abundant natural resources, Victoria offers a thriving environment for innovation and investment in renewable energy.
As more global companies such as FRV Australia choose to invest in Victoria, the state is well-positioned to continue its leadership in the global transition to a low-carbon economy. The Terang Big Battery is just one example of how investment in battery storage technology is helping to create jobs, lower emissions, and secure Victoria’s energy future.
As the state continues to decarbonise its energy sector and expand renewable energy capacity, Victoria offers unparalleled opportunities for businesses seeking to innovate, develop, and profit in the rapidly growing clean energy market.
Explore opportunities in Victoria’s clean energy sector.
