ROUND-UP: Yingli and JA Solar secure module supply deals, Keppel buys stake in 500MW project
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Keppel Corp unit to embark on first solar farm project
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The acquisition is subject to approval by Australia’s Foreign Investment Review Board.
Keppel Renewable Energy will take the lead role in the development and management of the construction and operation of the solar farm.
This includes undertaking the grid connection studies, assessing the site and technology requirements, sourcing for offtakers as well as project management of the engineering, procurement and construction of the solar farm.
To maximise energy yield, Keppel Renewable Energy intends to use bifacial panels as well as adopt single axis trackers.
Construction of the solar farm is projected to commence in 2022 and be completed in 2023.
It will be connected to the National Energy Market (NEM) for public consumption and will also provide renewable energy through the NEM to businesses seeking sustainable energy solutions, including Keppel-related companies in Australia.