British oil giant Shell Plc (LON:SHEL) today said it has teamed up with Australia’s Foresight, formerly Infrastructure Capital Group to acquire the development rights of a 370-MW hybrid renewable energy project in Western Australia.
The Kondinin Energy Development project will become the ownership of a 50/50 joint venture between the Aussie infrastructure manager, acting through its Australian Renewables Income Fund (ARIF), and Shell Energy Operations Pty Ltd. The entity is purchasing the scheme from developers Lacour Energy Pty Ltd and Goldwind International Holdings for an undisclosed sum.
The specific project proposes to combine up to 235 MW of wind, 80 MW of solar and 60 MW/120 MWh battery storage. The capacity is planned to be installed in phases near the Kondinin township, around 245 kilometres (152 miles) east of Perth.
The first two stages of the proposed development envisage the construction of two wind farms, with capacities of 121 MW and 114 MW, respectively. Kondinin’s third phase will involve the installation of solar photovoltaic (PV) panels, while the battery storage system will be added in the closing phase.
Currently, the project is an advanced development, with land and development permits in place. Building works on the first component are planned to be launched in 2024.
Choose your newsletter by Renewables Now. Join for free!