One of Australia’s most ambitious solar PV projects – the 220 MW/275 MWdc Bungala solar farm near Port Augusta in South Australia – has begun production from its 45 MW portion of the 137.7 MWdc Bungala Solar One PV plant.
The 137.7 MW unit is owned by a joint venture between Italian power utility Enel, through its subsidiary Enel Green Power, and the Dutch Infrastructure Fund, which together invested $157 million to acquire the plant from Bungala Solar Holding Pty Ltd., a subsidiary of Australian developer Reach Solar Energy.
Overall, the 275 MW facility is estimated at around $315 million, which will be financed through a mix of equity and project finance with a consortium of local and international banks.
Scheduled to go fully online in early 2019, the Bungala solar park is expected to produce 570 GWh per year, which will be purchased by local utility Origin Energy, based on a long-term PPA.
“We have just reached a historic landmark for our Group in an entirely new continent, as this is the first renewable energy flowing into the Australian grid from Enel,” said Antonio Cammisecra, Head of Enel Green Power.
The Bungala Solar One, which will, once completed, comprise 420,000 polycrystalline PV modules mounted on single-axis trackers, broke ground in October last year.
“We are just a few months away from the completion of this solar plant and look forward to other opportunities this renewable-resource-rich country will have to offer,” Cammisecra said.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.