In 2017, Victoria introduced the Renewable Energy Act, which aims to generate 20% of electricity demand from renewable energy sources by 2025, rising to 40%. To achieve this, the Victorian government created a $1.6 billion energy package to expand renewable energy hubs and projects further. Developers play a crucial role in the expansion of renewable energy. Victoria itself has major developers that are contributing to the state’s energy transformation. But what are the largest renewable energy developers in Victoria? Based on their installed capacity, their development pipeline and their general activity our renewables.digital research team identified Tilt Renewables, Akaysha Energy and Wind Prospect Pty Ltd as the largest renewable energy developers from Victoria.
1. Tilt Renewables (Melbourne)
Tilt Renewables is a prominent Australian renewable energy developer, formed in 2016 as a spin-off from Trustpower. The company currently operates 1.8 GW of renewable energy capacity across Australia and New Zealand. With a development pipeline exceeding 5 GW, its portfolio features a range of solar and wind projects, including the Broken Hill Solar Farm and the Coopers Gap Wind Farm.
2. Akaysha Energy (Melbourne)
The renewable energy company builds, owns and operates large-scale battery energy storage systems. It has locations in Japan, North America and Australia. To date, Akaysha has 4 GWh under construction and a project pipeline of 10 GWh. Its most prestigious project is the Waratah Super Battery. It is the world’s most powerful BESS, with a capacity of 850 MW. Akaysha has developed BESS systems all over Australia. In Victoria, they are developing the Elaine BESS, which has a capacity of 300 MW/1,200 MWh, and the Glenrowan BESS, which has a capacity of 400 MW/1,600 MWh.
3. Wind Prospect Pty Ltd (Melbourne)
The Wind Prospect Group was founded in the UK in the 1990s. It expanded to Australia in 2000. It is therefore one of the country’s oldest renewable energy developers. To date, the Melbourne-based company has received planning approval for 22 wind farms and three solar farms, with a total capacity of over 3,700 MW. Over 2,500 MW of this capacity is either operational or under construction.
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