Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTMay 25 (Renewables Now) - EDF Renewables, a unit of French utility EDF (EPA:EDF), has joined forces with Queensland government-owned CS Energy to work on the development of the 230-MW Banana Range wind farm project in Australia.
The companies have sealed a Memorandum of Understanding (MoU) that paves the way for CS Energy to become an equity partner in the scheme and sign a power off-take agreement for the wind farm’s output, the Queensland government said on Wednesday.
The Banana Range wind park is planned to be constructed 120 km (74.6 miles) southwest of Gladstone in Central Queensland and is expected to be capable of generating electricity for around 15,000 homes per year. The plant will be equipped with up to 51 turbines.
EDF and CS Energy intend to kick off construction works on the project in 2024 and bring the park online in 2026.
According to the project’s website, the scheme is currently in the late stages of development, with work being undertaken on the engineering, procurement and construction (EPC) contracting. It also shows that the wind farm will be coupled with a large-scale battery energy storage system, the capacity of which was not specified.
EDF Renewables acquired the Banana Range project in May 2021.
Weekly renewables M&A round-up (Jun 27-Jul 1)
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