Foresight Group acquires 25MW Australia solar farm from Elecnor

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: ARENA

London-based asset management firm Foresight Group has acquired a 25MW solar farm in Queensland from Elecnor Australia, a subsidiary of Spain-based energy firm Elecnor.

The acquisition of the Barcaldine Remote Community Solar Farm was performed on behalf of KDB Infrastructure Investments Asset Management (KIAMCO) and Hanwha Energy. KIAMCO and Hanwha both provided equity financing for the project, which is the first Australian plant to come under Hanwha’s management.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Foresight’s Sydney-based team is also forecasting strong opportunities in energy-from-waste projects in the country.

Gary Sofarelli, director, Foresight Group said: “Foresight will continue to work with developers and investors over the coming years to firmly establish itself as an astute energy infrastructure investment manager of solar, energy-from-waste and wind assets in Australia.”

The Barcaldine farm started feeding electricity to the grid in December last year. It received AU$20 million in debt finance from the Clean Energy Finance Corporation (CEFC).

Read Next

October 8, 2025
The NSW Independent Planning Commission has granted planning approval for Potentia Energy's 500MW Tallawang solar-plus-storage project.
Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.
October 8, 2025
University of Sydney scientists have created the largest and most efficient triple-junction perovskite-perovskite-silicon solar cell on record.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 7, 2025
Rystad Energy has said that Queensland’s utility-solar assets were the best-performing solar PV power plants in September 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK