The CEFC on behalf of the Australian Government has invested $160 million to build the Neoen 300 MW Victorian Big Battery (VBB), providing a critical boost to the state’s grid security while driving down power prices and supporting more renewable energy.
The CEFC senior debt facility will finance the design, construction and operation of the VBB, which will be one of the largest energy storage facilities in the world. It is expected to be operational for the 2021-22 summer.
