ESCO Pacific is pleased to announce the appointment of Mark Shilliday in a newly created role as Head of Strategic Projects. Mark joins the business from AEMO where he was Head of Connections with responsibility for overseeing all new generator connections within the NEM.
ESCO Pacific is pleased to announce it has agreed the sale of its Glenrowan Solar Farm (VIC) with CIMIC Group company Pacific Partnerships. The Glenrowan Solar Farm is shovel-ready with a committed grid connection. CIMIC Group company UGL has commenced early construction works for the project, and renewable energy generation is currently expected to commence from the end of 2023.
The 125 MWp project is located in northern Victoria and has been developed by ESCO Pacific from initial site identification though to its current ready to build status.
ESCO Pacific will remain involved in the project through the provision of long-term asset management services.
The Glenrowan Solar Farm is among 7 projects that ESCO Pacific has now successfully developed and delivered to the Australian market and brings its total portfolio of operational and committed projects to over 800 MWp. ESCO Pacific has a further project pipeline in excess of 2GW across the NEM, and is the asset manager for a 670MWp portfolio of operational utility scale solar projects.
The investment in Glenrowan Solar Farm is expected to create over 150 direct full-time equivalent jobs during construction with the potential for further job creation once the solar farm is fully operational. The solar farm will generate over 260GWh of clean energy per year, enough to power approximately 45,000 Victoria homes.
Steven Rademaker, Managing Director of ESCO Pacific, said that:
“Achieving this milestone on our Glenrowan Solar Farm is a fantastic outcome for ESCO Pacific, bringing our developed project capacity to 820MWp of utility scale solar in Australia and cementing our position as one of the leading developers in the market.
Our team has shown that we can continue to develop and deliver high quality assets to market, while working with a new Australian solar equity investor. We are delighted to have delivered this shovel ready project to Pacific Partnerships, and we welcome the commencement of construction activities.
The Glenrowan Solar Farm will contribute to the energy needs and economic development of the local area, while helping to drive Australia’s green energy transition in what could be the first solar project to secure equity under the new Labour Government”
About ESCO Pacific
ESCO Pacific is one of Australia’s leading ground mounted solar farm developers and operators with over 496MW of projects currently operational, 185MW committed and in construction and a further 1.1GW in advanced stages of development. Shell acquired a 49% interest in ESCO Pacific in December 2019. The ESCO Pacific team is comprised of infrastructure, development, grid connection and finance professionals with market leading experience in developing, and delivering to market, high quality utility scale solar farms.
ESCO Pacific is pleased to announce it has completed the sale of its Moura Solar Farm (QLD) with European investor Mytilineos SA (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US). The Moura Solar Farm is backed by a long term PPA and is shovel-ready with a committed grid connection.
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.
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.
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.
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.