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Enel Green Power and Dutch Infrastructure Fund Partners In Building 275MW Solar Farm

Solar Trust Centre Team : Oct 12, 2017 4:03:07 AM

Business Global Australia

A joint venture between Enel Green power and the Dutch Infrastructure Fund has started construction of the 137.7 megawatts Bungala Solar One plant located in Port Augusta as reported by PV-Tech.

Once completed, it will have a total of 275.4 megawatts, making it the biggest solar PV plant in Australia.

Enel will put US$157 million to the project while the total investment of US$315 million will be financed through equity and a consortium of local and international banks.

Key takeaways include:

A power purchase agreement has been made with Origin Energy
Bungala Two is expected to go operational by the end of 2017
The 274 megawatt project is expected to be operational by 2019 and will generate 570 gigawatt-hour/year

The power produced by the Bungala One will be delivered to Australia’s grid via the Davenport and Emeroo substations.

Click here to read the full story on PV-Tech

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