innogy SE is progressing in growing a value accretive solar business in Australia: Following the completion of the acquisition in mid-September, the company has taken the final investment decision for a solar power plant with an installed capacity of 349 megawatts peak (MWp). Limondale, Australia’s largest solar project to date, is located near Balranald, New South Wales. Preparation works and pre-pilling tests are currently underway, with construction works expected to commence this October. Commissioning of the plant will take place progressively, with full commercial operation expected in mid-2020.
Hans Bünting, COO Renewables of innogy SE, says: “It makes me proud that we can now start with the construction of our first utility-scale PV plant in Australia – one of the continents with the highest solar irradiation per square meter. To expand renewable energies it is of vital importance that beside the excellent yield the country is supportive for increasing the share of renewable energies.”
Thorsten Blanke, CEO of innogy Renewables Australia Pty Ltd., adds: “Electricity prices in Australia have risen strongly over the past decade and are among the highest in the world. An expansion of renewable energies can contribute towards reducing the energy costs for customers. Especially wind and solar are cost-effective alternatives in a country with excellent natural renewable resources.”
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