European Energy's First Australian Solar Park Sparks Green Growth

• European Energy A/S shines bright in Australia with the construction of a 56-MW solar park, powering 15,000 homes annually with innovative bifacial panels.

European Energy A/S has begun construction on a 56-MW solar park in Victoria, Australia. The Mokoan photovoltaic farm will use bifacial panels to generate green power for over 15,000 homes annually. The project, located in the Hume region on a 94-hectare site primarily used for grazing, is expected to be operational next year.

The development of the Mokoan project was approved in 2018 and expanded in 2020, with funding secured through a debt deal with NORD/LB. European Energy plans to continue investing in renewable energy projects in Australia, with over 5 GW in active development and an additional 3 GW in screening for future realization.

What type of panels will the Mokoan solar park in Australia use?

• The Mokoan solar park in Australia will use bifacial panels
• Bifacial panels are able to capture sunlight on both the front and back sides, increasing energy production
• The use of bifacial panels will allow the Mokoan project to generate green power for over 15,000 homes annually
• The project is located in the Hume region on a 94-hectare site primarily used for grazing
• Construction on the 56-MW solar park began in 2021 and is expected to be operational next year