New Energy Solar offloads 167 MW Aussie solar projects
New Energy Solar has confirmed it will sell off its Australian portfolio to Banpu PCL. The company is shifting attention to the US where 14 of its 16 assets are located, to simplify its business and avoid Australian regulatory uncertainty.
New Energy Solar will offload the 111 MW Beryl and 56 MW Manildra solar farms in New South Wales. The two assets together have a book value of AUD288 million (US$223.4 million).
The sale is subject to regulatory clearance by the Foreign Investment Review Board (FIRB) and is due to be completed within two months.
Country updates
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June 09, 2021
ElectraNet to construct USD1.76 billion interconnector project in Australia
ElectraNet has confirmed Project EnergyConnect, the high-voltage electricity transmission interconnector between South Australia and New South Wales, will be built.
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June 02, 2021
Transgrid makes final investment decision on USD1.42 billion interconnector project in Australia
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