Tesla and Vestas combine wind, solar and storage technologies in $160m deal
London — A novel $160m renewable energy project combining wind, solar and storage technologies has reached financial close. Tesla will supply batteries and Vestas Wind Systems will supply turbines for the first phase of the Kennedy Energy Park, according to a Thursday statement on the website of project co-developer Windlab. The project is located in Queensland Australia and will be financed by the Clean Energy Finance Corporation and the Australian Renewable Energy Agency. The 60.2MW development will be the first to connect the three renewable power technologies to the Australian grid through a single connection point, once it is completed by the end of 2018, according to the statement. The combination will help provide reliable supplies of electricity, overcoming one of the biggest downsides to intermittent renewable-energy generation technologies. "Hybrid solutions combining wind, solar and storage hold a huge potential for Australia," said Clive Turton, president of Vestas Asia ...
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