260MW Australian solar PV project sold

EEW, a leading international developer of utility scale solar energy projects, announced today the sale of its 260MW Solar PV Project plant in Rockhampton, Queensland, Australia to a leading multinational renewable corporation. The Group has an excellent track record of successfully completing utility scale solar photovoltaic (PV) energy developments, installing 1.2GW in Europe and Australia over the last ten years. The Queensland project is the fourth successful development and sale of a solar PV project for EEW in Australia.

Svante Kumlin, CEO of EEW, said: "We are delighted to complete the sale of this 260MW solar PV project. It marks yet another significant milestone for us in Australia and we have been pleased to work closely with our partner to make this happen."

According to the International Renewable Energy Agency (‘IRENA’), Australia is a leading solar market with close to 16GW of cumulative installed capacity through 2019, which is largely due to the availability of land and strong solar resource. The Rockhampton solar PV site is in eastern central Queensland, with development starting in 2017. The project will produce approximately 487GWh annually. This is the equivalent to providing approximately 91,000 Queensland homes with clean solar energy and avoiding approximately 400,000 tonnes of CO2 emissions per year in Australia.

Project Summary

Seller Eco Energy World
Buyer Leading multinational Group
Location Rockhampton, Queensland (Australia)
Capacity 260MWp
Generation Approx. 487GWh/year
Households Approx. 91,000 homes
Carbon emissions avoided Approx. 400,000 tonnes/year