Vector Renewables, first independent 3rd party asset manager of batteries in Australia

The company has recently closed an agreement for the management of a 127 MW solar PV portfolio, including 30MW of Battery Energy Storage System (BESS). With this new contract, Vector Renewables establishes itself as the first independent 3rd party asset manager involved in the management of batteries in Australia.

The year 2018 was an important achievement for Vector Renewables’ international expansion. After providing some specific services in the region, the company opened its office in Sydney, as a new regional hub for its activities in the APAC Region. Today, 2 years later, Australia is one of the key markets for Vector Renewables. The company continues to reinforce its presence in providing green energy consulting services for the Asian-Pacific renewable players.

The company has recently closed an agreement for the management of a 127 MW solar PV portfolio, including 30MW of Battery Energy Storage System (BESS), positioning Vector Renewables as the first independent 3rd party asset manager involved in the management of batteries in the region.

To date, from its office located in the financial district of Sydney, the local team has also rendered engineering and commissioning services, technical advisory and owner´s engineering, totalling 1 GW in technical services provided.

Oceania is the sunniest continent on Earth with incredible wind resources. These weather conditions are attracting massive interest in Australia from developers, contractors, manufacturers and both local and international investors. In 2020 Australia reached a total installed capacity of more than 6 GW in wind and 3,2 GW of solar PV.

Currently Vector Renewables reaches a track record of 70 GW in technical services in over 40 countries, besides its current portfolio of more than 3 GW under management and 4.6 GW in M&A and Financial Advisory. To date, the company has been involved in more than 3000 projects, which has allowed Vector Renewables to position itself as one of the most relevant companies in the renewable energy industry worldwide.