New Energy Solar enters into binding agreements to acquire 87 MW solar project in NSW
New Energy Solar has entered into binding agreements to acquire the Beryl Solar Farm from a subsidiary of First Solar. Under the agreements, NEW will acquire a 49% interest in Beryl shortly after construction has commenced. Once Beryl reaches commercial operation (targeted for mid-2019), NEW will acquire the remaining 51%.
Beryl is located approximately 5km west of Gulgong, New South Wales, south-east Australia, in one of the three priority renewable energy zones identified by the NSW Government. On full commercial operation, the plant will sell approximately 134,000 MWh of electricity per annum to Transport for NSW (TfNSW) under a 15-year power purchase agreement (PPA) to meet the electricity requirements of the Sydney Metro Northwest railway.
Country updates
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July 20, 2018
South Australian government gives development approval for the Solar River Project Stage 1
The South Australian government has given development approval for the Solar River Project Stage 1 that includes 200 MW solar park and a 120 MWh lithium-ion battery storage facility. With this de...
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July 20, 2018
New Energy Solar agrees to acquire 46.7 MW solar project in New South Wales
New Energy Solar has agreed to acquire the 46.7 MW Manildra solar project from a unit of First Solar Inc based on an enterprise value of AUD113 million (US$83.7 million). The solar pro...
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July 18, 2018
Contractor selected to construct connection components of 530 MW wind farm in Australia
AusNet Services has contracted Zinfra Pty Ltd to construct the grid connection components of the 530 MW Stockyard Hill wind farm, located in Western Victoria. The wind project is owned by the Au...
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July 16, 2018
The Gladstone Regional Council in the Aussie state of Queensland has granted planning approval to the project
The Gladstone Regional Council in the Aussie state of Queensland has granted planning approval to the project. Construction of the solar park is scheduled to begin late 2018, with commissioning expected in the first quarter of 2020
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July 13, 2018
Financial close for US$200 million wind farm in Tasmania
Palisade Investment Partners has announced that the 112 MW Granville Harbour wind farm, with an estimated total investment of AUD280 million (US$209.0 million), has reached financial close.
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