[Storage: Ark Energy secures FID for 200MW solar and 2.2GWh BESS project]
Ark Energy has secured a final investment decision for its AUD 1.3 billion Richmond Valley Solar Farm and BESS in New South Wales, Australia. The priority phase includes a 200MW AC solar farm and a 275MW/2,200MWh lithium iron phosphate battery storage system. The project has secured planning, environmental and grid connection approvals, as well as a Long-Term Energy Service Agreement under the New South Wales Electricity Infrastructure Roadmap. Financial close is targeted for September 2026, construction is expected to begin in October 2026, and commercial operation is planned for January 2029.