Enel Green Power secures $126m loan for Aussie solar-storage

• Enel Green Power secures $126 million loan for Girgarre solar park in Victoria, Australia, adding solar and battery storage capacity in New South Wales. Construction set to begin soon.

Enel Green Power has secured a USD 126 million loan for a solar-storage hybrid project in Victoria, Australia. The project, named Girgarre solar park, will add solar and battery storage capacity in New South Wales, Australia. The financing will support the construction of a 98-MW photovoltaic park with a 20-MW/40-MWh battery energy storage system, generating approximately 210 GWh of electricity annually.

The Quorn Park hybrid park, located near Parkes in New South Wales, is a joint development with Renewable Energy Developments Pty Ltd. Enel Green Power acquired the project in late 2022 and has received development approvals from the New South Wales government. Construction is set to begin in the third quarter of this year, with full operation expected by 2026. The site will have a single connection point to the grid under Generator Performance Standards.

What is the capacity of Enel Green Power's Girgarre solar park in Victoria, Australia?

• The Girgarre solar park in Victoria, Australia has a capacity of 98 MW for the photovoltaic park
  
• The solar park also includes a 20 MW/40 MWh battery energy storage system
• The Girgarre solar park is expected to generate approximately 210 GWh of electricity annually