Tesla and the SA Government have decided to build the world’s largest virtual power plant backed up by requisite battery storage, aiming to reduce household electricity bills in South Australia.
The proposed power plant will have a capacity of 250 MW, generated out of Solar panels installed in households, thereby saving about 30% of their current electricity bills.
The project, being led by Premier Jay Weatherill will ensure that all of the Solar Systems along with batteries will be installed free of charge. It will be financed through power generated and sold out of the power plant. The State Government will rollout the project with a grant of $2 million and a $30 million loan from the Renewable Technology Fund. The government is also about to issue an expression of interest from a suitable retailer to deliver the project. The selected retailer will be provided the right to use the output of the household batteries to supply power back to the grid.
The trial for the project has already begun and the first 100 households will receive the solar systems by the end of June 2018. Over 1,000 households will have them installed within a year after that. Every South Australian home will be offered the deal and at least 50,000 of them will have their own solar systems within 4 years.
“Our energy plan means that we are leading the world in renewable energy and now we are making it easier for more homes to become self-sufficient.”
This project will result in Australia leading the world in usage of energy through renewable resources and ensure self-sufficiency of households to become a noticeable reality. Families will then be able to take complete control of their utility bills and the energy network will be more secure than ever.
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