Singapore developer swoops on 500MW Oz solar
Singapore-based developer Keppel Renewable Energy has signed an agreement to acquire a 45% stake in Harlin Solar to develop a 500MW greenfield photovoltaic project in Queensland, Australia.
The acquisition is subject to approval by Australia’s Foreign Investment Review Board.
Keppel Renewable Energy will take the lead role in the development and management of the construction and operation of the solar farm.
This includes undertaking the grid connection studies, assessing the site and technology requirements, sourcing for offtakers as well as project management of the engineering, procurement and construction of the solar farm.
To maximise energy yield, Keppel Renewable Energy intends to use bifacial panels as well as adopt single axis trackers.
Construction of the solar farm is projected to commence in 2022 and be completed in 2023.
It will be connected to the National Energy Market (NEM) for public consumption and will also provide renewable energy through the NEM to businesses seeking sustainable energy solutions, including Keppel-related companies in Australia.
Keppel Renewable Energy managing director Chris Ong said: “This project reflects Keppel’s continuing journey to support the world’s energy needs through renewables.
“It is part of Keppel’s Vision 2030, which includes a long-term target of growing the Group’s portfolio of renewable energy assets to 7GW by 2030.”
Source : renews
