News dalla rete ITA

22 Febbraio 2021

Australia

BIGGEST SOLAR AND BATTERY PROJECT IN NSW TO GO AHEAD AFTER LANDING DEBT FINANCE

The UPC/AC Renewables Australia joint venture says it has secured debt finance for a 400MW solar farm in northern NSW, the first stage of what is planned to be a massive 720MW solar project and a 400MWh big battery, among the biggest in the country. The solar farm, along with an initial 50MW/50MWh of its battery plans, is expected to be producing by mid-2022, meaning it will be delivered in time to help replace the capacity being lost by the closure of the last units of the ageing and increasingly decrepit Liddell coal generator in the Hunter The companies say the New England project should fit into the NSW Government RoadMap, which is laying out plans to replace the ageing coal fleet with renewable and storage, and will likely set auctions for grid access and possibly pricing agreements. UPC/AC Renewables Australia is a 50/50 joint venture between UPC Renewables and AC Energy. The two companies are also looking to develop the massive (up to 1,000MW) Robins island and Jim’s Plain wind projects in Tasmania, the 160MW Axedale solar farm with 60MWh of battery in Victoria, and the Baroota pumped hydro project in South Australia. It is also hoping to build the 400MW Stubbo solar farm with a 200MWh battery System in the Central West Orana region of NSW. UPC says it has has developed more than 3,500 MW of operating wind and solar projects with an investment value of over $US5 billion around the world, and has a development pipeline of more than 5,000 MW. The project is being built by Green Light Contractors, the local subsidiary of Elecnor. The project will create up to 500 direct construction jobs during the construction period. The remainder of the project is projected to be placed in service by around the end of 2023.  (ICE SYDNEY)


Fonte notizia: RenewEconomy