Enerparc has divested its 193MW Australian solar portfolio to Ingka Investments, the investment arm of Ingka Group. The portfolio comprises three ground-mounted projects located in New South Wales, including two operational solar PV sites in Peak Hill and Trundle, near Parkes, with a cumulative capacity of 13.3MW, and a third 180MW solar PV plant under development. The project is expected to start producing electricity at the end of 2025. The Enerparc team is developing further sites in Australia, which are in different stages of maturity. Along with establishing its global IPP portfolio, the sale of developments in this country is gaining significant importance for Enerparc.
“This sale is a testament to the hard work of our dedicated team and the quality of our projects, and we are excited to see the positive impact of this partnership on the country’s transition to renewable energy,” said managing director of Enerparc Australia Benjamin Hannig. “We remain committed to delivering innovative and sustainable energy solutions in Australia and look forward to advancing further projects of our pipeline in the near future.” Enerparc was advised by Osborne Clarke as legal advisor and UL as technical advisor while Capcora acted as sell-side M&A advisor.
Credits: renews.biz [Image: Unplash/Chelsea]