»Bomen Solar Farm« acquired by Spark Infrastructure
Post date: 22/04/2019 - 09:51
Australian owner of electricity network infrastructure Spark Infrastructure acquired the 120 MW »Bomen Solar Farm« from Australian renewable energy company Renew Estate. The project is located near the Bomen Business Park, northeast of the Wagga Wagga Central Business District, New South Wales, and will be constructed by Beon Energy Solutions. Westpac Banking Corporation, Sydney, signed a PPA to purchase just over a quarter of the solar farm’s output under a 10-year agreement.
Spark Infrastructure and Westpac are partnering to provide a comprehensive community benefit package which includes AUD 1 million (USD 0.89 million) in support over the term of the contract for STEM scholarships (Science, Technology, Engineering and Mathematics), youth facilities, local biodiversity and vegetation regeneration projects.
Additionally, »Bomen Solar Farm« has an off-take arrangement in place with energy retailer Flow Power, to purchase a portion of the power that will be generated for up to 10 years. This will enable Flow Power to deliver low-cost, reliable sustainable energy to Australian business customers. At full capacity the facility is expectet to add in excess of 200 GWh into the national electricity grid with commercial operations expected to commence from Q2 2020. According to a former announcement, the approved project includes a 40 MWh battery storage system and will utilize tracking photovoltaic systems.
Renew Estate’s major shareholders are Wirsol Energy, Beast Solutions and Energy Estate, with Norton Rose Fulbright as legal advisor. Wirsol Energy Pty Ltd is a subsidiary of Geman Wircon Group, and its portfolio currently consists of 397 MW fully connected to the NEM across Victoria and Queensland. Wirsol is shared-owner to one of the largest retrofitted Tesla batteries in Australia, Gannawarra Energy Storage System, located in Victoria.