The Victorian government has given the green light to Trina Solar's proposed 500-megawatt Kiewa Valley Battery Energy Storage System (BESS) to be built on a 10 hectare site just out of Dederang on the Yackandandah-Dederang Road close to the Dederang Terminal Station.

Premier Jacinta Allan met with Trina Solar in Beijing on Tuesday and announced the government had fast tracked the Chinese company's $453 million battery project through the government’s Development Facilitation Program to deliver cleaner and cheaper energy projects sooner.

Premier Allan said the battery will soak up and store cheap renewable energy during the day and pump it back into the grid at times of peak demand – enough to power up to 172,000 Victorian homes a year.

She said the project will create 80 construction jobs and six ongoing roles once operational.

While supported by the government, the project has faced strong opposition from the community, with more than 500 submissions against it lodged with the government.

Alpine Shire Council, which has no planning power in large renewable projects, also lodged an objection to the project, echoing community concerns around bushfire risk, noise, storm water management, landscaping including earthworks, complaint management, external materials, lightning and decommissioning.

Premier Allan said the government approval includes conditions requiring the project to manage bushfire risk, noise, and visual impacts.

This week's decision comes after the government's approval of Mint Renewables' 400-megawatt-hour (MWh) Battery Energy Storage System on 9.5 hectares of private land on the Yackandandah-Dederang Road near Dederang earlier this year - which had also been opposed by council, and more than 800 public submissions.

Both projects are among more than $5 billion worth of renewable energy projects have been fast-tracked through the Development Facilitation Program.

Premier Allan said all together, these 19 projects have the potential to power around 570,000 households annually, and battery storage capable of meeting evening peak demand for more than 1.3 million households.

The announcement, in China, supported Victoria's China Strategy, which Premier Allan said "sets out a five-year roadmap to open doors for Victorian businesses and ensure the benefits flow across the state, including in regional Victoria".

She said the strategy is "all about investments like these that cut our bills, lower our emissions and create new jobs".

"The number one investment objective in the China Strategy is collaborating with businesses to achieve the state’s clean energy goals.

"The strategy also seeks to elevate regional Victoria as the beneficiary of Chinese investment."

Minister for Energy, Lily D’Ambrosio, said the BESS is "another way we’re shoring up energy supply and assisting our transition to 95 percent renewable energy by 2035”.