Solar infrastructure business New Energy Solar remains committed to offloading its Australian assets, confirming the sale of its 87 MW Beryl and 47 MW Manildra solar farms in central west New South Wales is “progressing well”.
Utility-scale solar energy investor New Energy Solar has confirmed it will sell off its Australian portfolio, declaring the policy and regulatory environment for renewables in Australia is not conducive to growing the business and achieving economies of scale.
New Energy Solar is an investment fund focused on helping investors benefit from a global shift to renewable energy. It’s selling its Australian solar assets because the climate isn’t right?
The Beryl Solar Farm has commenced commercial operations. The 87MW AC/110MW plant is supplying electricity for Sydney Metro under a 15-year power purchase agreement.
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