Switzerland-based energy storage owner-operator BW ESS has acquired the 250-MW/1,000-MWh Yanco battery energy storage system (BESS) project in Australia's New South Wales from renewable energy developer ACEnergy, BW ESS said on Thursday.

A big battery project that survived a challenge from long-distance objectors has now reached financial close, after being bought up by a global owner-operator.

BW ESS has acquired a 1,000MWh battery storage system in Riverina, New South Wales, from Australian developer ACEnergy.