UK-based renewable energy company RES has announced the sale of its 245MWdc Avonlie solar development project in New South Wales, Australia, to Iberdrola for an undisclosed sum.
The solar project will be equipped with 450,000 solar panels mounted on a single-axis tracking system.
It will generate enough clean energy to power 80,000 homes in the state and offset more than 157,000t of carbon emissions a year.
RES Australia CEO Matt Rebbeck said: “We are very pleased to continue our strong global relationship with Iberdrola and are excited to see the project progress with them.
“The Avonlie Solar Farm will create more than 230 full-time local jobs during construction, provide significant regional benefits and deliver on our vision of a future where everyone has access to affordable zero-carbon energy.”
The solar development project is ready to enter its construction phase following the completion of environmental surveys and community consultations.
It received planning consent from the New South Wales Department of Planning, Industry and Environment in August 2019.
Construction works are expected to begin later this year and the project is due to come online by the end of next year.
Once completed, the solar facility will be linked to a dual 132kV grid connection that passes through the project site. Australian firm Lumea will deliver the grid connection services.
Iberdrola Australia CEO and managing director Ross Rolfe said: “At Iberdrola Australia, we invest not only in low-cost renewables – like the 245MW Avonlie Solar Farm – but also flexible, fast start firming capacity, ensuring the electricity system remains reliable as renewable penetration grows.
“This optimised portfolio enables us to provide our growing customer base with long-term electricity contracts that are at once reliable, affordable and clean.”
In June, RES and its partner company, Cowessess First Nation, secured a power purchase agreement for the Bekevar Wind Energy Project in Canada.
The 200MW wind facility is located in south-eastern Saskatchewan and owned by Bekevar Wind.