Tender 8 introduces a new Hybrid Generation Long-Term Energy Service Agreement (LTESA) product, allowing applicants to combine solar or wind generation with battery storage in a single project.
As reported by Energy-Storage.news earlier this year, ASL had been consulting on introducing a new Hybrid LTESA product to complement the existing Generation LTESA and better accommodate hybrid projects combining solar PV generation with lithium-ion battery energy storage systems (BESS).
The Hybrid LTESA is available to projects where generation export capacity matches or exceeds storage export capacity, with storage systems providing a minimum 4-hour duration at the commercial operations date.
The contract structure uses a cash-settled swap with a hybrid strike price and price risk sharing, with settlements based on sent-out net exports that directly account for imports and exports.
“This is the largest renewable energy generation tender in NSW history, and it shows just how serious we are about delivering cheaper and more reliable power for households and businesses,” Sharpe said.
