RES' 1GW Tallawang solar-battery energy storage project, located in New South Wales has been acquired by Enel Green Power Australia (EGPA).
Located in the New South Wales Government-designated Central-West Orana Renewable Energy Zone (REZ), the Tallawang hybrid project comprises of 500 MWac solar farm and 500 MW / 1000 MWh battery energy storage system. Strategically placed close to key transmission infrastructure; the project is located on a 1,300-hectare site, approximately 8km north-west of Gulgong in the Mid-West Regional Council area.
Matt Rebbeck, CEO of RES in Australia commented: "We are excited to collaborate with EGPA on the Tallawang Hybrid Renewable Project. This partnership is a testament to our shared commitment to advancing renewable energy initiatives and supporting the NSW Government's renewable energy goals. The Tallawang project not only represents a significant step towards a zero carbon future but also brings economic and social benefits to the local community. We are dedicated to ensuring a seamless integration and successful delivery of this project."
Werther Esposito, EGPA Chief Executive Officer said: "Tallawang is a large-scale and advanced development project, with outstanding resources and key planning and regulatory approvals well progressed. EGPA is accelerating the build out of a portfolio of renewable and storage projects at varying stages of development. We are appreciative of support from our shareholders in achieving this significant acquisition.
"Tallawang represents an opportunity to secure a project strategically located in a key NSW REZ. We bring a solid track record and strong expertise in delivering renewable energy projects and we look forward to working closely with the local community and other stakeholders, including NSW Government, to deliver this project."
Notes:
- Enel Green Power Australia (EGPA) is a joint venture company co-owned by Enel Green Power and INPEX Renewable Energy Australia Pty Ltd.
- Completion of the acquisition is subject to typical conditions for transactions of this nature, including Foreign Investment Review Board Approval.
- The delivery timeframe for the project will be aligned with the delivery of the recently approved Central-West Orana transmission project.
