ESCO Pacific is pleased to announce it has completed the sale of its Wyalong Solar Farm (NSW) to European investor Mytilineos SA (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US). The Wyalong Solar Farm is backed by a long term PPA and is shovel-ready with a committed grid connection.
Australian utility scale solar project developer ESCO Pacific is pleased to announce the achievement of the final development milestone for its Wyalong Solar Farm, following acceptance of an Offer to Connect from the local grid operator Essential Energy a few weeks ago. The project is now Committed with AEMO. The 70MWp solar farm will be located at West Wyalong in New South Wales.
The project received planning approval in early 2019 and will create over 200 jobs in NSW. Planning and Public Spaces Minister Rob Stokes said at the time “the West Wyalong solar farm will add to the hub of solar energy projects in the Riverina region, bringing a fresh boost to the economy and diversifying industry for the region”. ESCO Pacific’s Wyalong Solar Farm is expected to power up to 37,500 homes and has the potential to save up to 212,000 tonnes of greenhouse gas emissions once fully operational. Commissioning is due to commence in mid-2020.
The project will build on ESCO Pacific’s strong track record in delivering utility scale solar developments, and will shortly bring the company’s total Australian developments generating or under construction to 566MWp. Most recently, ESCO Pacific developed and managed the financing and construction of the 175MWp Finley solar farm, which has contracted 66% of its output to BlueScope Steel under a long-term power purchase agreement.
ESCO Pacific is currently the asset manager for 353MWp of Australian utility scale solar projects, and has a further pipeline of projects under development totalling in excess of 1GW.
ESCO Pacific and Shell have announced today that they have formed a strategic Partnership, combining ESCO Pacific's solar development and asset management expertise together with Shell's global scale and energy capabilities.
John Laing and ESCO Pacific would like to announce the acquisition and financial close of the 174.9 MWp Finley Solar Farm. John Laing, leading international infrastructure investor, earlier this week acquired a 100% interest in the project from ESCO Pacific contemporaneously with the project achieving financial close with debt funding provided by Westpac and ANZ.
ESCO Pacific and BlueScope are pleased to announce the signing of a 7 year Power Purchase Agreement (PPA) with ESCO Pacific’s 175MWDC (133MWAC) Finley Solar Farm project.
ESCO Pacific and Elliott Advisers (UK) Ltd. (“Elliott”) are pleased to announce the successful financial close of the 98MW Susan River Solar Farm and 75MW Childers Solar Farm, both located in South East Queensland.
Palisade Investment Partners and ESCO Pacific are pleased to announce that the $225 million Ross River Solar Farm has reached financial close. Construction will now commence on the 148MW project which is located on a 202-hectare former mango plantation near Townsville.
Australia’s largest solar project has moved a significant step closer towards construction and operation.