Labor Pledges $100 Million Towards 2 Large Batteries

CEFC has committed $100 million to Neoen, a renewable energy developer, for 1.3 GW renewable energy and battery storage projects across Australia.

Solar panels are seen at solar farm on the northern outskirts of Canberra, Australia on June 15, 2022. AAP Image/Mick Tsikas

The Albanese government has announced a $100 million investment to strengthen its renewables plan, funding two regional big batteries and a solar farm expected to power 160,000 Australian homes.

The Clean Energy Finance Corporation (CEFC) has committed this amount to Neoen, a renewable energy developer, to support 1.3 GW of renewable energy and battery storage across Australia.