Akaysha’s big battery rollout continues at speed
Published Date : 2025-September-4, Thursday
Akaysha Energy has well and truly released the handbrake on
its big battery ambitions closing a A$300 million corporate debt facility and
continuing to add new projects to its Australian BESS portfolio.
Supported by a syndicate of global and domestic banks - BNP Paribas, Deutsche Bank, ING, SMBC, and Westpac – the three-year revolving loan and Letter of Credit facility “will fund development and construction of Akaysha’s extensive BESS project pipeline in Australia, US, Japan and Germany”.
Akaysha said the facility was the first borrowing base loan structure of its kind in the Australian renewables sector which “provides the flexibility to increase the size of the loan over time, as the value of Akaysha’s portfolio of BESS assets grows”.
Meanwhile the Melbourne-headquartered Akaysha Energy has submitted two new BESS projects for assessment by the New South Wales state planning authority.
The proposed Murray Terminal BESS project will be located approximately 4km south-east of Khancoban within the Snowy Valleys LGA.
The approximately 500 MW / 2000 MWh BESS will be situated near the Murray Terminal 330kV switching station, to which it will connect via overhead or, more likely, underground transmission lines.
The project is expected to create up to 150 jobs during peak construction, with six operational staff required.
Akaysha Energy is aiming to receive project approval in Q3 2025 before construction starts in 2027, taking around 18 months for operations starting in 2029.
The other project Akaysha has under assessment is the proposed 500 MW / 2000 MWh Kilnacroft Creek BESS, to be located approximately 4km north-east of Jindera in the Greater Hume Council LGA.
It’s planned to connect the battery to the grid via the nearby TransGrid-managed 330/132kV Jindera Sub-station.
The overall BESS project site area covers approximately 62 hectares, including the potential development area of around 13 hectares.
If approved the project could create 150 peak construction jobs and five ongoing roles during operations.
In total, the AltEnergy database is tracking 13 Akaysha projects with a combined capacity of almost 5 GW, including its one operating asset the Waratah Super Battery.