Innogy to acquire rights to 460MW of solar projects in New South Wales

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
innogy will also establish a new subsidiary and team based in Australia. Credit: Belectric

German power company innogy SE, the renewables arm of utility RWE, will purchase the rights to two large-scale solar development projects from Overland Sun Farming in New South Wales, Australia, for an undisclosed sum.

The projects Limondale (347MW) and Hillston (115MW) have a combined capacity of more than 460MW. The two projects are already in advanced development stages, with all land, planning and connection processes, arrangements and approvals as well as designs and construction arrangements expected to be finalised during Q2.

The transfer of the project companies to innogy are also expected to take place in Q2 this year. The planned investment volume of both projects including acquisition of project rights totals to more than €400 million.

innogy’s subsidiary Belectric, which it acquired last year, will be in charge of EPC and O&M for both solar plants.

innogy will also establish a new subsidiary and team based in Australia and is investigating project opportunities for battery storage and onshore wind..”

Hans Bünting, chief operating officer, Renewables, innogy SE, said: “Taking over the international solar and battery storage specialist Belectric was the first step to gaining a reliable footprint in photovoltaic power plant technology. Thanks to Belectric’s existing network, we have been able to make our first significant utility-scale solar investment, not just anywhere, but in Australia – the continent with the highest solar irradiation per square metre. Australia is an excellent starting point for innogy to grow a valuable solar business.”

Read Next

January 21, 2022
Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.
January 18, 2022
Prefabricated solar solutions manufacturer 5B is looking to improve the scalability and cost of its technology through an AU$33.4 million (US$24 million) innovation programme and support from the Australian Renewable Energy Agency (ARENA).
January 17, 2022
Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
January 12, 2022
Australian LNG player Woodside Energy has tabled plans to build a utility-scale solar-storage project with a generation capacity of up to 500MW in Western Australia.
January 10, 2022
The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.
PV Tech Premium
December 28, 2021
Accurate generation modelling and forecasting is integral to not just the financial performance of operational solar farms, but how they are integrated into modern grids. A study from Monash University in Australia has proven how artificial intelligence approaches can help drastically improve performance forecasts. Dr. Christoph Bergmeir, who led that study, details its key learnings.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal