April 26 (Renewables Now) – World funding supervisor Igneo Infrastructure Companions has struck a deal to purchase the 302-MW Aussie photo voltaic portfolio of Elliott Inexperienced Energy Australia, a part of US peer Elliott Administration Company.
Monetary particulars in regards to the acquisition had been saved below wraps. The Australian Monetary Evaluation stories that the worth of the deal won’t exceed AUD 500 million (USD 361.2m/EUR 336.5m).
Igneo, by way of its Australian renewable power subsidiary Atmos Renewables, will take possession of three photo voltaic parks, every of which might be coupled with a battery storage capability totalling 125 MW/250 MWh.
The 98-MW Susan River photovoltaic (PV) farm in Queensland in addition to the 75-MW Childers and 132-MW Nevertire parks in New South Wales function below long-term off-take contracts for energy and inexperienced certificates with investment-grade counterparties. The vegetation’ mixed output of 500 GWh per yr is sufficient to cowl the consumption of over 100,000 properties.
The battery storage initiatives at every of the three websites are well-advanced, with development slated to start this yr.
As a part of the transaction, Igneo can even combine Elliott Inexperienced Energy Australia’s administration staff into Atmos Renewables.
Elliot put its solar energy era portfolio up on the market final yr. Other than Igneo, Infrastructure Capital Group was supposedly vying for the property.
(AUD 1.0 = USD 0.722/EUR 0.673)