Renew Estate and Wirsol Energy embark on renewables project
International renewable energy company Wirsol has partnered with an Australian developer, Renew Estate, to embark on a gigawatt-scale renewables project development pipeline. This news follows an announcement in March heralding Wirsol’s successful acquisition of three new large-scale solar farm projects totalling 198 megawatts, the largest of its kind in Australia to date. Within the German WIRCON group Wirsol is the company responsible for the UK as well as the Australian and the wider Pacific markets.
Co-located in the fast-growing Manly renewables tech hub dubbed ‘Solar Beach’, Renew Estate and Wirsol will develop over 1 gigawatt in renewables projects over the coming years. Over 400 megawatts of large-scale solar farm projects are already underway and is targeting commencement of construction in early 2018.
Mark Hogan, managing director of Wirsol Energy Limited, has expressed his enthusiasm for the new venture. “We are delighted to be working with Renew Estate and want to bring a fresh approach to the development of projects in the Australian market. We have already successfully entered the Australia market with the acquisition of the first large-scale portfolio of solar farm projects (200 megawatts in QLD and Victoria). We have delivered over 1 gigawatt of innovative solar projects in Europe and are now committed to developing a portfolio across Australia,” he says.
The name Renew Estate reflects the partners’ shared goal to deliver projects which meet the expectations of all stakeholders.
Simon Currie, global head of Energy at Norton Rose Fulbright comments, “Dramatic falls in the cost of solar and wind energy and storage technologies mean we can now plan for a zero carbon future with affordable, reliable and sustainable energy. The renewable energy industry should look for opportunities to regenerate and repurpose existing hubs like Port Augusta and the La Trobe and Hunter Valleys. This is an innovative partnership which will deliver future-ready projects incorporating storage and enhancing the reliability of the system.”
Renew Estate director, Byron Serjeantson, echoes the importance of future-ready projects, emphasising that “Great renewables projects will benefit all stakeholders, starting with the community and landowners, local government and industry and all Australians, who ultimately benefit from a cleaner and cheaper source of energy. By bringing together the right team and working hard at what we do, we aim to be a key contributor to a strong and well-regarded renewables industry of the future.”
Looking beyond its development pipeline in Australia, Renew Estate has identified a number development opportunities across the Australia-Pacific region, with projects in Fiji and New Zealand showing particular promise. “Watch this space,” says Serjeantson.
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