“We are promoting innovation and new economic opportunities, improving our productivity, protecting our environment and reducing emissions to tackle climate change.”
EGP Shines under the Australian Sun
The abundance of sun, wind and deserts make Australia a very interesting country for Enel Green Power, which, through a joint venture with the Dutch Infrastructure Fund, has started the construction of Bungala Solar One and Two.
“The 137.5-MW plant, near Port Augusta, in the southern part of the country, is the first phase of the broader Bungala Solar photovoltaic project, which will have a total capacity over 275 MW plus an option for an additional 100 MW.”
The plant will extend over an area of about 300 hectares and will include about 420,000 polycrystalline photovoltaic modules on structures equipped with mono axial solar trackers, which orient the panels based on the sun’s course from east to west, thus generating a greater quantity of energy compared to photovoltaic modules on fixed structures.
The electricity produced by Bungala Solar will be fully marketed as part of a long-term power purchase agreement (PPA) with Origin Energy, an Australian utility.
Growth without Borders
Following Europe, America, Asia and Africa, we’re going to “conquer” a new continent. Our new chapter “down under” is a great achievement for EGP and responds to a two-sided objective: development of renewables and diversification on international markets.
“The acquisition of Australia’s largest photovoltaic project brings us to a new continent and is an important step forward for the Group”, said Francesco Starace, CEO of Enel.
“We are proud to offer our experience to help with the development of renewables in Australia through Bungala Solar, the country’s largest “ready to build” solar park.”
This project represents the first step of a growth strategy in a country that boasts a large wealth of natural resources and a capacity for renewables that will increase in the coming years.