Wirsol Energy Pty Ltd has acquired a 110-MWp solar project in the Australian state of Victoria and plans to launch construction activities next quarter.
The Australian firm, a unit of German renewables developer Wircon GmbH, did not provide the name of the seller and financial details on the acquisition in its press release on Wednesday. It noted that by end-2017 it will have five photovoltaic (PV) facilities under construction in Queensland and Victoria with a combined capacity of around 400 MWp. All of them are slated to become grid-connected by the middle of 2018.
The newly acquired project, called the Wemen Sun Farm, involves the construction of a 110-MWp direct current (DC) plant on a 770-acre (312-ha) site near Mildura. According to Wirsol, the scheme is seen to "give rise to regional value creation" of over AUD 200 million (USD 160m/EUR 135m).
The Australian firm has secured about 670 MWp of solar projects that will enable it to achieve its 1-GWp solar goal by 2020. For the Australian market in particular, Wirsol’s managing director Peter Vest said: “The Australian market plays an exceedingly important role for our international growth strategy. In coming years, we will be making a significant contribution to the expansion of renewables and setting up important power production facilities with our solar parks.”
(AUD 1.0 = USD 0.800/EUR 0.674)
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