VivoPower Australia and ITP will share responsibility for development of the solar projects in the portfolio, with an initial aggregate capacity of at least 50 megawatts and the opportunity to add additional capacity over time. VivoPower and ITP intend to design, contract, finance and construct each project on a rolling basis.
VivoPower has demonstrated a successful track record with utility-scale solar projects, having developed, constructed and financed projects representing more than 90 megawatts of generating capacity over the past two years.
“VivoPower is excited about this major solar development initiative in the New South Wales market, which represents a significant expansion of our Australian footprint, and is also highly complementary to the solar initiatives of our subisidary Aevitas,” said Carl Weatherley-White, Chief Executive Officer of VivoPower. “We are very pleased to be working with ITP, a highly successful and respected partner with demonstrated experience in the Australian renewables market.”
“ITP are delighted to be working closely with VivoPower on this exciting enterprise. VivoPower have been highly successful with their international solar farm development projects and combined with our extensive local experience in the Australian energy market, we are confident of success,” said Simon Franklin, Managing Director of ITP.
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