Construction works are anticipated to commence at the latest by the third quarter of this year to achieve full commercial operation by the end of 2019.The planned investment volume of both projects including acquisition of project rights totals to more than €400 million. innogy SE continues to implement its growth strategy: Just one year after the successful acquisition of the international solar and battery storage specialist BELECTRIC, innogy SE is progressing in growing a value accretive solar business through the purchase of two large-scale solar development projects from Overland Sun Farming ("Overland") in Australia, one of the leading Australian development companies. We plan, construct and operate plants for generating electricity and energy from renewable sources. All parties involved have agreed to keep the terms and conditions of the transaction confidential, including the purchase price. Full commercial operation is expected by the end of 2019. Please direct inquiries regarding strategy and structure, Find at innogy Group. We provide content about innogy shares and provide the respective contacts. responsibility to the team of media relations. Our offers for a successful energy transition For your home For your business Talk to us! The two projects are already in a well-advanced development stage, with all land, planning and connection processes, arrangements and approvals as well as detailed designs and construction arrangements expected to be finalised during the second quarter. This is a perfect fit with our strategy to deliver sustainable bottom line growth in accordance with innogy's financial targets to maximise value for the company and our shareholders. Thanks to BELECTRIC’s existing network, we have been able to make our first significant utility-scale solar investment, not just anywhere, but in Australia – the continent with the highest solar irradiation per square meter. The final investment decision to construct both projects will be taken in line with its targets regarding leverage and financial stability. The acquisition is subject to certain standard conditions, including land and planning arrangements, as well as review by Australia’s Foreign Investment Review Board and approval from Australia’s Federal Treasurer from a foreign investment perspective. It is anticipated that the various conditions will be completed in the second quarter of 2018, enabling the entire transaction to complete.Uwe Tigges, CEO of innogy SE, explains: "With the acquisition of two of Overland’s Australian solar development projects, innogy is entering into a strongly growing renewable energy market.

Electronic Assembler Vacancy In Tecside Group. Construction works are expected to start in the second quarter of this year. At completion of the transaction, innogy will become the sole owner of the two projects.

Accept cookies to experience the full functionality of this page.We use cookies to optimize the website, no personal information is stored. Our objective is to rapidly expand the use of renewables in Europe, by ourselves and with the help of partners. "Limondale", the first development project with a planned installed capacity of 347 MWp, will be located at Balranald, New South Wales. innogy is the blueprint for a modern energy company. Expansion of solar business: innogy starts in Australia

The projects "Limondale" and "Hillston" with a combined capacity of more than 460 megawatts (MW) are located in New South Wales. innogy will review all options regarding the ownership and financing structure of the project in order to maximise value for the company and shareholders.Under current planning innogy’s subsidiary BELECTRIC will be in charge of construction works (EPC) and take over the operation and maintenance (O&M) for both solar plants as service provider. Share us on … About innogy. innogy is the blueprint for a modern energy company. The company is an experienced player in the global solar market with close to two gigawatt of executed projects all over the world, including projects in Australia, and is among the world´s leading O&M providers.innogy has considerable experience in developing, designing, financing, constructing and operating renewables assets, both independently and with project partners and investors. 04-Aug-2020 Den Bosch, NL, 5211AK Technische Fachkraft im Bereich … 2020 List of Vacancies For Innogy Renewables Australia Pty Ltd Jobs in Australia Read details and apply for Innogy Renewables Australia Pty Ltd job online. innogy is ideally positioned to benefit from the megatrends of de-carbonisation, decentralisation and digitalisation in helping to … Please contact us in case of any questions. The second development project, "Hillston", has a planned capacity of 115 MWp. Some modules are disabled because cookies are declined. Execution of the two photovoltaic power plant projects is in line with innogy’s hurdle rate framework and funding capacity. The parties signed all relevant contracts, with the transfer of the project companies to innogy anticipated to take place in the second quarter of this year.


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