2/25, 7:21 AM (Source: TeleTrader)
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Tesla wins Australia Big Battery contract

American electric vehicle company Tesla won a contract to supply the Victoria Big Battery project in Australia worth $127 million, Neoen Australia announced on Thursday.

Neoen’s 300MW/450MWh battery project in Victoria, Australia, known as the Victorian Big Battery, is part of Victoria state's plans to reach 50% renewable energy by 2030.

"We are on track to deliver this project before the next Australian summer and are looking forward to playing our part in helping Victoria reach its ambitious target of 50% renewable energy by 2030," the French company said in a statement.

Breaking the News / JC