ESCO Pacific divests 125 MWp Glenrowan solar project in Victoria
ESCO Pacific has offloaded its 125 MWp Glenrowan solar project in Victoria, where early construction work has just begun.
The project will be handed over to Pacific Partnerships, a unit of Cimic Group. Meanwhile, the project's development is being handled by the latter's affiliate UGL.
ESCO will remain a part of the plan after the acquisition, the amount of which was not disclosed, through a long-term asset management contract for the solar farm.
The photovoltaic (PV) park, which will be built at Glenrowan in the Wangaratta Shire Council, is expected to be operational by the end of next year. It is estimated to produce roughly 260 GWh per year, enough to power 45,000 Australian households.
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