Recurrent Energy, a global solar and battery storage developer and a subsidiary of Canadian Solar, has announced the sale of its Australian hybrid solar and battery project to an undisclosed European infrastructure and investment group.
The Gunning Energy Park, located in New South Wales, Australia, combines a 275MWdc solar farm with a 120MW battery energy storage system (BESS).
The project is slated to connect to the National Electricity Market via a Transgrid transmission line and is expected to generate enough clean electricity to power more than 76,000 homes.
The sale is another achievement for Recurrent Energy in the Australian market, following a recent series of milestones.
These include reaching financial close on the Carwarp Energy Park, a 171 MW solar farm in north-west Victoria, and the development and sale of the Mannum BESS project in South Australia, a 100 MW / 200 MWh battery energy storage system.
Ismael Guerrero, CEO of Recurrent Energy, commented: “This milestone builds on our continued success in the country, highlights our ability to develop innovative, large-scale renewable energy projects, and marks an important step in advancing Australia’s transition to a cleaner and more reliable energy system.”
