GenusPlus and Samsung C&T JV secured contracts for the Melbourne Renewable Energy Hub

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Image credit: Equis Development

GenusPlus Group Ltd and Samsung C&T Corporation have secured three contracts for the engineering, procurement, construction, and commissioning of a 600MW/1,600MWh battery energy storage project for Phase 1 of the Melbourne Renewable Energy Hub on a lump sum and turn-key basis.

“We are delighted to have secured this contract alongside our joint venture partner Samsung C&T. This is a milestone project for Genus. This contract gives us great confidence that the market sees our capacity and capacity to deliver a project of this size and complexity. We look forward to working closely with EQUIS to deliver the project safely, successfully and on time,” Genus Managing Director David Riches said.

The Melbourne Renewable Energy Hub, an energy storage project in Melbourne, is owned by Equis Development Pte. Ltd and Victoria’s State Electricity Commission (SEC). As a Project of State Significance, the Hub has completed all necessary planning, environmental approvals, and community impact assessments. The combined contract values are around $200 million, with works expected to begin immediately and be completed by June 2025. 

Once fully developed, the Hub will be a 1.2GW/2.4GWh battery energy storage system (BESS).

Adertisement

Phase 1 of the project has been divided into three projects: two with 400MWh of 2-hour storage capacity, owned 70% by Equis and 30% by the SEC, and one with 800MWh of 4-hour storage capacity, owned 51% by Equis and 49% by the SEC.

Construction has commenced for the Melbourne Renewable Energy Hub, with the first sod turning attended by Victorian Premier Jacinta Allan and Minister for State Electricity Commission Lily D’Amrbosio.

The Hub is a $1 billion energy storage facility that will support Victoria’s renewable energy zones and stabilise the State’s energy infrastructure, allowing increased solar and wind integration into the grid, reducing volatility and lowering electricity prices.