first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:A sizeable new renewables fund chaired by former NSW Premier Morris Iemma and numbering executives from Macquarie, AEMO and Tesla, has revealed billion-dollar plans to install 1.5GW of solar and a gigawatt of battery storage across commercial and industrial sites around Australia over five years.CEP.Energy said this week that the first phase of the rollout would start relatively soon, on the assets of industrial developer and property owner Pelligra Group, which has a portfolio of several hundred properties, including the former Ford manufacturing sites in Victoria.An agreement with Pelligra will see CEP.Energy lease a portion of the company’s millions of square metres of roof space and build and operate solar and storage systems, starting with a 400MW “virtual power plant.”The Pelligra solar and battery VPP – presumably using Tesla batteries, if the appointment of ex-Tesla energy storage man Jan Muller is any hint (RE is awaiting confirmation on this) – will be managed and operated through a separate deal with retailer SmartestEnergy, a subsidiary of Japanese conglomerate Marubeni.CEP.Energy says SmartestEnergy will manage the assets, optimise the value of the solar energy produced, and sell it back to Pelligra’s retail and commercial customers at a roughly 20 per cent discount on grid prices.CEP.Energy has also entered into negotiations with several large companies for long-term corporate power purchase agreements, a statement says.[Sophie Vorrath]More: CEP and Marubeni unveil plans for 1GW battery and 1.5GW of solar in Australia New group planning 1.5GW of solar, 1GW of storage on Australian commercial, industrial rooftopslast_img read more