Foresight Group acquires 25MW Australia solar farm from Elecnor

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on 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.

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

April 20, 2021
A solar- and wind-powered green hydrogen plant in Western Australia has secured the backing of France-based independent power producer Total Eren.
April 20, 2021
Amazon has announced plans for nine new utility-scale solar and wind projects in the US, Canada, Spain, Sweden and the UK, putting it on track to powering all its activities with renewables by 2025.
April 19, 2021
Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.
April 19, 2021
South Australia has struck a AU$1.08 billion (US$840 million) energy and emissions reduction agreement with Australia’s federal government.
April 12, 2021
Spanish energy company Acciona has secured shareholder approval for an initial public offering (IPO) of its renewables division, providing a boost for the firm’s plans to reach 6GW of installed PV by 2025.
April 12, 2021
Scientists in Australia have used human hair clippings from a Brisbane barbershop to create an ‘armour’ that increases the power conversion efficiency of perovskite solar cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021