BayWa’s renewable energy arm has announced the sale of the Karadoc solar farm and a strategic development partnership with Atmos Renewables (Atmos) in Australia.
BayWa r.e. said it is committed to the redeployment of resources from the sales proceeds and further investments in its existing pipeline of 5GW in the Australian renewables market.
The Karadoc solar farm represents BayWa r.e.’s first owned and built solar plant in Australia, and it stands as one of Australia National Electricity Market (NEM)’s largest operating solar projects in terms of capacity.
Situated around 25km south of Mildura, Victoria, Karadoc has a capacity of 112.5MWp and became operational in 2019.
Featuring over 346,000 solar panels, this facility generates sufficient energy to cater to 47,000 households.
The partnership leverages Atmos’ local expertise and BayWa r.e.’s global experience.
Director of projects APAC at BayWa r.e. Daniel Gaefke said: “We are committed to advancing the global transition towards clean energy.
“The sale of Karadoc combined with the strategic development partnership with Atmos as well as our growing renewable pipeline are a testament to this commitment.
“Our strategic partnership with Atmos exemplifies our efforts to synergise local insight and international expertise for the betterment of Australia’s renewable energy landscape.”
BayWa r.e. sees Australia as an important market and is committed to growing the renewable energy sector in the region, the company said.
It has completed more than 300MW of installed capacity in the country and symbolises the company’s progress in the renewable energy domain.