Solar Farm Owner
Business case for large battery addition to 40MW solar farm
Solar Farm
Modelling financial viability of large scale storage for arbitrage and FCAS.
Key Achievements:
![](https://cdn.prod.website-files.com/63a12c43239f9dfa6b1a6228/63a39a0b04383d0d3a915330_victoria-solar-farm.jpg)
Impact
- Feasibility study and financial model for adding a large scale battery to a 40MW solar farm in Victoria.
- Financial modelling of revenue streams including FCAS income for the battery, plus the economics of network charges.
- The model considered spot price revenue from the solar farm before the addition of a BESS, and the impact on revenues and IRR with a BESS.
![Technical design file of a solar and smart energy system.](https://cdn.prod.website-files.com/63a12c43239f9d41da1a6222/63a12c43239f9d42dd1a6258_commercial-design.jpg)
Project Scope
- Financial modelling of battery revenue.
- Solar farm feasibility on landfill.
- Presentations to the Strategic Leadership Team and Councillors
Project Details
- 40MW solar farm project in VIC under development.
- Interest in the impact on the business case through addition of a battery.
- Bankable analysis required.
![A man working on electrical schematics at an ergonomic desk](https://cdn.prod.website-files.com/63a12c43239f9d41da1a6222/64f6aaf317294453f65673fe_working-rana.jpg)
![A man working on solar panels on a roof](https://cdn.prod.website-files.com/63a12c43239f9d41da1a6222/63a12c43239f9da9e71a6257_commercial-compliant.jpg)
Project Challenges
- FCAS forecasting uncertainty - we used Global Roam data for historic FCAS values, plus AEMO data on FCAS revenues.
- Changing regulations regarding TUOS charges for batteries.
- Complex financial model co-optimising multiple targets.
- Simulation of battery behaviour to optimise revenues.
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