Vena Energy is working on a 2.4GW renewable pipeline across Australia (Credit: Equis/Vena)
Vena Energy Australia has completed a 95MW solar project at Tailem Bend, 100 kilometres southeast of Adelaide in South Australia.
The AU$200 million (US$139 million) project first started feeding energy to the grid back in February. The off-taker for the project is New South Wales-based utility Snowy Hydro, which has signed a 22-year power purchase agreement (PPA) for the entire output of the solar plant. This will be enacted through Snowy Hydro's Lumo Energy branch, whose jurisdiction includes South Australia.
The 390,000-module plant took a year to build across 280 hectares, employing more than 250 workers during the peak construction period.
With more than half the workers employed coming from the local area, Vena Energy Australia’s managing director, Anil Nangia, said: “We’ve found the best project outcomes are delivered when you involve local contractors and suppliers wherever possible.”
South Australia is also home to the Bungala Solar Farm near Port Augusta. The project will generate roughly 200,000MWh hours of renewable energy per year, supplying power to the equivalent of 40,000 homes.
Vena Energy, formerly Equis Energy before its acquisition by GIP, is also working on a second 111MW PV project located at Tailem Bend as well as a battery energy storage project that could be reach 100MWh in capacity. The company is working on a total of 2.4GW of renewable energy projects across Australia.
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.