Atmos Renewables has completed the acquisition from BayWa r.e. of the Karadoc Solar Farm (Karadoc) in Northwestern Victoria, Australia, along with an option to acquire interests in several of their Australian wind-development projects.
Karadoc is a 112 megawatt direct current (MWdc), or 90 MWac, solar farm, located about 25 kilometers (15.5 miles) south of Mildura, Victoria, which began operations in 2019. The solar farm was built by Beon Energy Solutions and has more than 346,000 panels, generating enough energy to power 47,000 homes and offset 188,000 tons of carbon-dioxide equivalent (CO2-e) annually. Karadoc’s revenue is underpinned by long-term fixed-price energy and green certificate-offtake arrangements with Flow Power and Carlton & United Breweries (owned by Asahi Australia).
Nigel Baker, CEO of Atmos, said the acquisition of Karadoc Solar Farm combined with an option to acquire interests in a series of wind development projects affirms the company’s st