Successful bid price of standalone energy storage project in Australia 2026

Which energy storage projects have been successful in the CIS tender?

The Limestone Coast Energy Park (rendering shown above) was one of the projects successful in the latest CIS tender. Image: Pacific Green. Six energy storage projects, totalling 3,626MWh of energy, have been successful in the Australian government’s Capacity Investment Scheme (CIS) for Victoria and South Australia.

How competitive are storage tender rounds?

Storage tender rounds are expected to remain highly competitive, with battery capacity under development exceeding tender volumes. The first CIS auction, the South Australia-Victoria Tender for battery storage capacity, saw significant investor interest.

Why is battery storage important in Australia's energy transition?

“Battery storage will be crucial in Australia’s energy transition, influenced by the growth of renewable energy and market volatility. Investors can anticipate strong returns across different scenarios, making this an opportunity to capitalise on the changing dynamics of the NEM,” concluded Narayan.

How will Australia meet electricity demand and bridge reliability gaps?

This will enable Australia to meet the increasing electricity demand and bridge reliability gaps as old coal power stations phase out of the grid, something that is expected to be achieved on the National Electricity Market (NEM) by 2038.

Which project fundamentals influence the competitiveness of a storage project?

Baringa considers three project fundamentals that influence the competitiveness of a storage project in the CIS: CAPEX efficiency: capital savings remains a key driver of cost-competitiveness.