Eni to acquire 33.7 MW solar project in Australia
Post date: 07/02/2019 - 18:56
Italian utility Eni Spa enters in the Australian renewables market and compliments the company’s existing assets in the region’s oil and gas sector. Eni Australia Limited has completed the acquisition of a construction-ready solar photovoltaic project near Katherine, in the Northern Territory of Australia, from Katherine Solar Pty Ltd, a joint venture between Australia’s Epuron and the UK-based Island Green Power. Once completed, the project will be the largest PV farm in the Northern Territory, consisting of the installation of 33.7 MW of ground-mounted PV panels, as well as a battery storage system with a capacity of 5.7 MVA/2.9MWh.
Epuron will have an active role in managing the PV farm once it is operational. Construction is expected to start soon, with an expected commercial operation date in the fourth quarter of 2019. Northern Territory’s government targets to procure 50 percent of its energy from renewable sources by 2030.
Eni has been present in Australia through its subsidiary Eni Australia Ltd since 2000. It is the operator and owner of the Blacktip Gas Project and has a non-operated interest in the Bayu-Undan gas and condensate field and in the associated Darwin LNG plant.