Photon Energy buys rights to Aussie solar-plus-storage project

Nov 21, 2022 12:49 PM ET
  • Amsterdam-based solar power manufacturer Photon Energy NV (WSE: PEN) claimed today it has actually accepted purchase the development civil liberties as well as land for a 9.8-MWp solar project with 10 MWh of battery storage space in New South Wales, Australia.
Photon Energy buys rights to Aussie solar-plus-storage project
Image: Photon Energy

Financial information about the acquisition and also the vendor's name were kept under wraps.

To be installed near the town of Boggabri, in the northeastern parts of New South Wales, the solar (PV) farm will certainly can creating around 16.4 GWh of power every year. Once in operation, it will certainly raise the team's independent power manufacturer (IPP) mixed generation capacity to practically 130 MWp, spread throughout 96 plants.

The system will certainly be Photon Energy's initial utility-scale solar-plus-storage advancement so far, the firm noted, adding that it hopes it will serve as a version for rolling out comparable projects throughout its European markets. Construction works are slated to begin in the direction of the end of the 2nd quarter of 2023.

The suggested solar farm will certainly cover more than 22 ha (54.4 acres) of greenfield land and will be equipped with over 16,500 bifacial solar modules as well as single-axis trackers. It will certainly be hooked to the grid run by Essential Energy, with its output planned to be sold on the wholesale energy market.

Photon Energy currently has 92 MWp of solar plants in operation as well as is establishing some 900 MWp of projects in Australia, Hungary, Poland and also Romania.

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