Orana bess Vietnam

What is Bess & why is it important in Vietnam?

BESS emerges as a critical enabler in Vietnam ‘s transition towards a future of energy efficiency, security, and sustainability. By storing surplus energy during low-demand hours and utilising it in times of high demand, BESS eliminates power shortages and blackouts, thus enhancing the reliability of the grid and reducing electricity costs.

What is akaysha's Orana Bess?

Akaysha’s Orana BESS is being developed within the Central West ‘Orana Renewable Energy Zone’, adjacent to the TransGrid substation near Wellington, NSW. Early works have begun on the project, which will feature Tesla Megapack technology and Balance of Plant (BoP) will be delivered by Consolidated Power Projects Australia Pty Ltd (CPP).

How can Bess help Vietnam achieve energy transition objectives?

Beyond grid stabilization, BESS plays a pivotal role in advancing Vietnam’s energy transition objectives. By effectively managing energy supply and demand, BESS contributes significantly to achieving targets for renewable energy adoption and diminishing reliance on fossil fuels.

Who financed the Orana Bess?

The Orana BESS is expected to commence commercial operations in 2026. Akaysha was advised on the financing by Azure Capital and Allens as borrower’s counsel, with KWM acting as lenders' counsel. Ashurst acted as project counsel on the virtual toll. Transaction due diligence advisors were Ashurst, Aurora, DNV, KPMG, JPA and Marsh.

Is Bess technology a viable option in Vietnam?

(Source: Nang luong Viet Nam Magazine.) Although BESS technology initially faces cost challenges, rapid global market expansion and advancements in battery technology are progressively making it more viable. Vietnam has acknowledged the potential of BESS and has articulated plans for its extensive integration into the national grid.

Can Bess be integrated into Vietnam's power grid?

In an effort to facilitate the integration of BESS into Vietnam’s power grid, the Electricity and Renewable Energy Authority (EREA) of the Ministry of Industry and Trade recently hosted a technical workshop in collaboration with GEAPP.