Bison Energy Group, which has offices in Japan, Korea, Italy and Australia, announced it had reached financial close for its 7.5MW Cosgrove solar farm over the weekend, crediting the completion to an Australian super fund.
While the details of the agreement have not been made public, Bison Energy signalled that it plans to begin construction on the project in May.
The solar farm will be located just east of Shepparton in Victoria’s mid-north. The project site is approximately 15 hectares (150,000 m2) and has been leased by the company for 30 years.
Bison gained development approvals for the project from Victoria’s Department of Environment, Land, Water and Planning in mid-March and has been granted a connection offer by electricity utility and distributor Powercor.
Bison owns the Cosgrove solar farm via its subsidiary Be Pro F. It said Bison will act as the engineering, procurement, and construction (EPC) as well as the operations and maintenance (O&M) contractor on the project.
It is slated for completion by the end of the year, if not sooner.
In addition to Cosgrove, Bison said it has another project in Victoria which has reached the “ready-to-build” stage and is targeting financial close before August. In total, the company owns a 60MW portfolio, including eight projects in Victoria and New South Wales in various development phases.
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: email@example.com.
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.