Photon Energy NV has announced details on a further large-scale solar power plant under development in Australia. The 253 MWp (220 MW AC) project in Suntop, New South Wales, is part of the previously announced 1 GWp development pipeline, for which Photon Energy has mandated advisory firm Pottinger to advise on the raising of development capital. The project is being co-developed with a local joint venture partner.
Through its 51%-owned project company Photon Energy AUS SPV 8 Pty Ltd. the company has secured options on approximately 400 ha of land and is progressing with the New South Wales government State Significant Development process. Photon Energy has also signed a grid connection process agreement with Transgrid, the operator of the major high voltage transmission network in New South Wales and the Australian Capital Territory, for the design of a substation for approximately 220 MW AC (253 MWp) to be connected to Transgrid’s 330 KV network.
Photon Energy expects to complete the project development process to the ready-to-build stage and to commence construction in 2019. Once connected, the Suntop project is estimated to produce 453 GWh of clean energy each year, contributing significantly to Australia’s Renewable Energy Target.
The Company’s project pipeline in Australia is attached to this report.
Legal basis: § 5 ust. 1 point no.2 of the Appendix 3 to Regulations of the Alternative Trading System -"Current and Periodic Information in the Alternative Trading System".
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|Nazwa:||Photon Energy N.V.|
|Adres:||Barbara Strozzilaan 201 1083HN Amsterdam, Holandia|
|Telefon:||+31 20 2402570|