Tesla and Vestas Partner in $160 Million Australian Project says Bloomberg Markets

First off, what a novel $160 million and so cool renewable energy project. Furthermore, I mean combining wind, solar and storage technologies. Well a deal reached financial close. So, Tesla will supply batteries. Vestas Wind Systems A/S will supply turbines. It seems that’s for the first phase of the Kennedy Energy Park. The project co-developer is WindLab Ltd.

A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close. Tesla Inc. will supply batteries and Vestas Wind Systems. Also, the project in Queensland Australia. In addition, it’s financed by the Clean Energy Finance Corp. Plus and also Australian Renewable Energy Agency is financing the project too.

In conclusion, the 60.2 megawatt development will be the first. It’ll thereby connect the three renewable power technologies to the Australian grid. Through a single connection point folks. Most importantly, it gets completed end of 2018. The combination will help provide reliable supplies of electricity. Finally it’ll be overcoming one of the biggest downsides. Therefore, we are talking intermittent renewable energy generation technologies.

As well, for the entire story on Bloomberg Markets Finally, this written by Jess Shankleman on October 19, 2017. Hence, Posted 5:50 AM EDT and updated October 19, 2017, 12:20 PM EDT

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