The CEFC has invested up to $30 million in the VPP. The program is also supported by an $8.2 million grant from ARENA, an $18 million equity contribution from VPP operator Tesla and $10 million from the South Australian Government’s Grid Scale Storage Fund.
Phase 3A of South Australia’s VPP will provide enhanced stability to the SA electricity grid, bringing together a centrally controlled group of solar-powered, battery-backed homes to act as a single “power plant” with the ability to send excess lower cost renewable energy to the grid.
