- Press Releases
September 29 (Renewables Now) - Spanish utility Iberdrola SA (BME:IBE) has acquired a 190-MW/245-MW DC solar project in New South Wales, Australia, from UK-based developer RES Group, the latter said today.
The value of the acquisition was kept under wraps.
The deal concerns the Avonlie photovoltaic (PV) project, which is already in the construction-ready phase. To be located within the Narrandera Shire Council area, the solar farm will use 450,000 PV panels on single-axis trackers to produce enough electricity to supply around 80,000 local homes and offset 157,000 tonnes of carbon dioxide (CO2) emission annually. Its construction is expected to begin later this year, with commercial operations set to be launched by the end of 2022.
Aussie infrastructure service provider Lumea will deliver grid-connection services during the lifetime of the facility. The power plant will directly link to an existing 132-kV grid connection passing through the site.
The Avonile scheme, which RES says is its largest solar development, was granted planning permission by New South Wales regulators in August 2019.
Commenting on the acquisition, Iberdrola Australia’s CEO Ross Rolfe said: “This optimised portfolio enables us to provide our growing customer base with long-term electricity contracts that are at once reliable, affordable and clean.”