The Tesla big battery in South Australia has delivered a handsome profit in its first full year of operation in South Australia for owners Neoen Australia, as well as playing a key role in lowering market costs and keeping the lights on.
 |
| The profitable Tesla 'big battery' in South Australia. |
The 100MW/129MWh battery – still the biggest lithium-ion battery in the world, but officially known as the Hornsdale Power Reserve – cost around $96 million to build but pulled in revenue of €18 million ($A29 million) in 2018 (as we reported in February).
It now emerges that the profit from the operation (earnings before interest, depreciation, and tax) was €14.2 million for 2018 ($A22.8 million at current exchange rates), adding on to to €0.4 million of earnings from the single month of operation in 2017.
Read the story from RenewEconomy by Giles Parkinson - “Tesla big battery delivered a $22 million profit in 2018.”
No comments:
Post a Comment