Photon Energy buys rights to Aussie solar-plus-storage project
Nagyecsed solar farm in Hungary. Image by Photon Energy (www.photonenergy.com)
Amsterdam-based solar power producer Photon Energy NV (WSE:PEN) said today it has agreed to buy the development rights and land for a 9.8-MWp solar project with 10 MWh of battery storage in New South Wales, Australia.
Financial details about the acquisition and the vendor's name were kept under wraps.
To be installed near the town of Boggabri, in the northeastern parts of New South Wales, the photovoltaic (PV) farm will be capable of producing around 16.4 GWh of power annually. Once in operation, it will lift the group's independent power producer (IPP) combined generation capacity to almost 130 MWp, spread across 96 plants.
The scheme will be Photon Energy’s first utility-scale solar-plus-storage development so far, the company noted, adding that it hopes it will serve as a model for rolling out similar projects across its European markets. Construction works are slated to begin towards the end of the second quarter of 2023.
The proposed solar farm will cover more than 22 ha (54.4 acres) of greenfield land and will be equipped with over 16,500 bifacial solar modules and single-axis trackers. It will be hooked to the grid operated by Essential Energy, with its output planned to be sold on the wholesale energy market.
Photon Energy currently has 92 MWp of solar plants in operation and is developing some 900 MWp of projects in Australia, Hungary, Poland and Romania.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.