On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced up to $40 million in funding towards the deployment of a Pumped Hydro Energy Storage (PHES) project in South Australia.
ARENA's funding will help to fast track development of South Australia's first PHES plant. The successful funding recipient will be at least 200 MW in capacity, and must reach financial close by 30 June 2020.
Four proposed large-scale PHES projects in development in South Australia have sought ARENA funding, and have been assessed favourably under our Advancing Renewables Program.
ARENA will invite these projects to put forward proposals
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