Transactions - JULY 6, 2017

Photon Energy proposes $380m solar farm in Australia

by Jody Barhanovich

Photon Energy, an international photovoltaic company, is proposing what would be the biggest solar power plant in New South Wales, in an effort to help Australia meet its renewable energy target. The solar power plant project will have an output of 316 megawatts. Construction is planned to begin in 2019.

The project is located near the town of Gunning in New South Wales. Development of the project will be carried out by a subsidiary of Photon Energy Generation Australia.

“With this project, the 300 megawatts significantly strengthen our position in the market for large photovoltaic projects in Australia. We are ready to play an important role in the Australian road to cleaner energy,” said Georg Hotar, CEO of Photon Energy NV.

The project has lodged its initial plans with the NSW Department of Planning. It would involve building hundreds of thousands of solar panels on 590 hectares of land.

Photon Energy is currently also working on two other major plants in Australia with a total capacity of about 42 megawatts.

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