Construction on the project will be completed by CIP’s fund Copenhagen Infrastructure V, with the battery expected to be operational in 2027.
Situated in South Australia’s Murrayfields region, the battery will be located near existing transmission infrastructure.
CIP said the facility will play an important role in addressing South Australia’s rapidly growing need for energy storage capacity, enabling the decarbonisation of the state’s power grid while maintaining reliability.
The company said the battery will support the South Australian Government’s target of 100 per cent net renewable energy by 2027, shifting excess wind and solar energy generated during the day to supply renewable power during peak demand periods.
Summerfield has also entered into a 10-year offtake agreement with Origin Energy.
CIP Partner and Head of Australia, Jørn Hammer, said, “We are pleased to start construction on CIP’s first large-scale energy storage project in Australia, which will be one of the largest in South Australia.
“CIP has a strong track record of developing, owning and operating renewable projects globally, and CIP is delighted to bring this expertise to Australia.”
CIP Partner and Head of Asia-Pacific, Thomas Wibe Poulsen, “This is an important milestone for Summerfield and demonstrates CIP’s industrial approach in identifying a market need and delivering a large-scale project with a robust contractual framework, that creates value for society, the local community while securing attractive risk-adjusted returns to our investors.”
