AMPYR Australia secures funding for renewable energy project

AMPYR Australia secures over A$340m for 300MW/600MWh Wellington Stage 1 BESS project in NSW, Australia. Operational by 2026, project aims to increase renewable energy supply and lower electricity costs. Financing supported by multiple banking institutions. AMPYR plans to deliver 6GWh of energy storage projects by 2030, including Wellington Stage 2.

AMPYR partners with ZEN Energy Retail for a ten-year virtual PPA for 150MW of project output, offering flexibility in capacity contracts. Fluence Energy to provide and maintain BESS project with Gridstack technology. Lumea to connect with Transgrid’s 330kV network at Wellington. AGP backs AMPYR’s sustainable asset development efforts.

AMPYR CEO Alex Wonhas highlights milestone in Australia’s energy transition with Wellington Stage 1 BESS project. Partnership with ZEN Energy and Fluence to enhance renewable grid and energy storage capacity. Advisory services provided during financing by Azure Capital and Ashurst. Legal advice offered by Herbert Smith Freehills Kramer.

In February 2025, AMPYR Solar Europe signed a PPA with ROCKWOOL to supply 50GWh of clean energy from a new solar facility in the Netherlands. AMPYR continues progress in sustainable energy projects. Story originally published by Power Technology.

Read more at Yahoo Finance: AMPYR Australia secures funding for Wellington Stage 1 BESS