Indonesian business to buy 132MW Oz solar

• Sun Energy to get Merredin project in Western Australia from Risen Energy

Indonesian business Sun Energy is to obtain the 132MW Merredin solar farm in Western Australia from Risen Energy for an undisclosed rate.

Merredin is the largest operating solar farm in Western Australia with a total amount of 354,452 panels topped 460 hectares.

It has been operational given that August 2020 as well as has actually anticipated annual renewable power generation of 274 gigawatt-hours.

The project has actually likewise acquired advancement authorization to release as much as a 20MW/40 megawatt-hour battery energy storage system (BESS) onsite, which will aid stabilise the grid system and create added revenue streams.

Sun Energy and also Risen Energy will collectively explore advancement of the BESS at Merredin blog post purchase completion.

BHP has an offtake agreement for 50% of the power from Merredin which is routed to the business's Nickel West Kwinana refinery and Kalgoorlie Smelter.

The project additionally has an agreement with Sunshot Energy for the offtake of large- scale generation certificates created by the solar farm.

Risen Energy will certainly remain as the procedures and also upkeep specialist for Merredin after the purchase.

The purchase develops an important part of Sun Energy's development method, with an ambition to become a local leader in renewable energy remedies for both business and also household clients, the business said.

Sun Energy chief executive Philip Lee said: "As a solar power designer headquartered in Singapore, Sun Energy has been quickly broadening its renewable energy profile in the area.

" The Australian market is essential for us, provided the long-lasting possibility for renewable resource as well as its geographical closeness.

" The purchase sustains our technique to turn into one of the leading renewable resource business in the area, via a combination of new project growth and discerning acquisitions."

Risen Energy Australia CEO Archie Chen stated: "We are very happy to join Sun Energy for Merredin Solar Farm.

" This is the second large-scale solar farm that Risen Energy has actually completed in Australia, and the finalizing of this arrangement is well lined up with our long-lasting approach to expand our position as a solar giant and to accomplish our new growth targets in Australia.

" As our pipeline remains to develop, we expect providing a lot more renewable energy projects to the Australian market in the coming years."

Sun Energy was encouraged on monetary issues by Voltiq and DLA Piper on legal issues on the transaction, while Risen Energy was advised by Holding Redlich on legal facets of the bargain.