One of the world’s largest energy companies, Shell, has recently taken a half-share in a massive hybrid energy product that aims to send renewable energy to Australia’s mining sector and other industrial sectors.
The 375MW Kondinin project in Western Australia is just part of Shell’s future plans to become further involved in the Australian renewables market. For the Kondinin project, the company has acquired a 50/50 stake alongside infrastructure investor Foresight.
The Kondinin Energy Project
Based in Western Australia, the joint venture aims to deliver a total of 375MW of energy to Australia’s mining sector, primarily, but also other industrial sectors. This will be delivered in the form of 235MW of wind-generated power, 80MW of solar and 60MW of battery storage. The site, located about 250km east of Perth is set for construction to begin in 2024, starting with a 121MW phase of wind power.
The Country Chair of Shell Australia, Tony Nunan, spoke about his company’s investment in the project, saying: “We believe Kondinin’s location in Western Australia and late-stage development phase means it is strategically placed to support decarbonisation of the mining and resources sector, as well as the growing number of commercial and industrial customers seeking low carbon energy.
This is far from Shell’s first foray into the Australian renewable market, with the global giant taking a 49% share of local company WestWind Energy earlier this year. Obviously, the company sees a future for our renewables market, which is promising for the entire energy industry as a whole.
The future of renewables
Of course, Shell’s investment in the Kondinin Energy project is just one of many investments and developments occurring across Australia right now. There has never been much of an argument that Australia has more than enough capability to generate power through wind and solar developments. However, the larger issue at play is getting the country’s national energy grid ready for a switch to renewables.
Many people would love to see fossil fuel plants switched off and renewable energy sources turned on, but it isn’t as simple as that. Tony Nunan from Shell also discussed this during the Kondinin announcement, saying: “We will need a diversity of renewable sources to meet the growing demand for energy at the same time as reducing emissions. Kondinin’s combination of onshore wind, solar and large-scale battery storage strengthens our significant investment in building a low-carbon power business in Australia in recent years.”
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