Eco Energy World (EEW), a solar developer based in UK, has successfully sold the 130 MW Aramara photovoltaic solar project in Queensland, Australia to an unnamed Chinese investor. The buyer will serve as contractor for the project involving engineering, procurement, and construction.
EEW estimated that the transaction is more than AUD 150 million. The project is funded on a fully merchant basis because it does not have a power purchase agreement yet.
The construction of the project is expected to start early in 2019.
Country updates
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December 10, 2018
Total Eren has been awarded the capacity for the project in Greece’s Regulatory Authority for Energy (RAE) second renewable energy auction
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December 10, 2018
Nexif's 86 MW wind project in South Australia receives financing and green light for construction
The 86 MW phase II of Lincoln Gap wind farm near Port Augusta, developed by Nexif Energy, receives notice to proceed with the construction. The second stage entails the construction and operati...
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December 03, 2018
Queensland federal government approves construction of 800 MW wind project
After the 800 MW Clarke Creek wind farm in Central Queensland, Australia, received a federal government approval under the Environmental Protection and Biodiversity Protection Act (EPBC Act), the majo...
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December 03, 2018
RedT puts on stream 1-MWh hybrid battery system in Australia
redT announce that its 1MWh vanadium flow / lithium-ion hybrid energy storage system is now installed and operational at a site in Melbourne, Australia. Situated at Monash University, the system...
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December 03, 2018
Genex's 50 MW solar PV project in Queensland reaches practical completion
Genex Power Limited has announced that its 50 MW Kidston Solar Project (KS1 or Project) has successfully reached Practical Completion (PC). Engineering, Procurement and Construction (...
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