Total Eren, New Energy Solar make strides with Aussie projects

Facebook
Twitter
LinkedIn
Reddit
Email
The Kiamal project was backed by banks ANZ, ING, Natixis as well as green bank CEFC, which has become a shareholder (Credit: Total Eren)

Total Eren and New Energy Solar have both hit milestones for major PV projects in Australia, with the former hitting financial close for a plant in the Victoria state.

The 256.5MW first phase of Total Eren’s Kiamal scheme will be backed with US$175 million in debt funding from Australian bank ANZ, as well as Dutch and French counterparts ING and Natixis.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The work of EPC Biosar, the project is being described as Victoria’s largest solar plant to date. Construction, set to add some 718,000 PV panels and single-axis trackers, should conclude later this year.

Kiamal’s first phase will also be backed by Australia’s state-owned green bank CEFC, which recently bought a US$35 million minority stake. It is backed by four PPAs – including with food giant Mars – and large-scale generation certificates with energy trader Origin Energy.

According to Total Eren, the 256.5MW frontrunner will be followed by a 213.5MW Kiamal second stage. Commercial options are being “explored” for a separate 270MW energy storage element, the firm explained.

All systems go for PV-powered Sydney trains

Across state lines, in Australia's New South Wales, a 110.9MW PV plant has initiated supply to state capital Sydney.

The installation, a project by New Energy Solar, is located a four-hour drive northwest of Sydney but will help power trains at the 4.7-million-inhabitant city under a 15-year PPA with Sydney Metro.

New Energy Solar acquired the Beryl project last year from First Solar Australia, which will continue to oversee O&M going forward.

The plant, New Energy Solar CEO John Martin said in a statement, reached commercial operations “on time and on budget” despite the 2.5MW capacity increase agreed this February.

Equipped with LONGi modules, Beryl was switched on as a separate New Energy Solar project – 199.6 MWDC Mount Signal 2 – remains under construction, with plans to hit commercial launch before the end of 2019.

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 13, 2024
Spanish tracker manufacturer Soltec has launched a new floating tracker designed for inland water bodies such as reservoirs and ponds.
June 13, 2024
PV Tech's coverage of the SNEC PV Power expo 2024. We are reporting live from the exhibition floor at the world's biggest PV trade show.
Premium
June 13, 2024
Kiwa Group on why the integration of three PV inspection and QA businesses signposts the way forward for solar reliability testing.
June 13, 2024
IFM Investors and QIC have signed Australia's largest multi-state PPA worth AU$700 million for 500GWh of renewable energy per annum.
June 12, 2024
US renewables developer Origis Energy has commissioned the 200MW Escalante solar project in New Mexico alongside non-for-profit electricity utility Tri-State Generation and Transmission Association.
June 12, 2024
The Casey Fork solar project in Jefferson County, Illinois, will bring RWE’s total renewables capacity in Illinois to 750MW

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia