Carnegie Clean Energy unit Energy Made Clean (EMC) has formed a joint venture with infrastructure group Lendlease to deliver solar, battery and microgrid projects in Australia.
The 50/50 venture will seek to identify, bid for, secure and deliver EPC contracts for the technologies across the country, Carnegie said.
The deal, for an initial three-year period, will bring together the experience of the microgrid developer with Lendlease’s skills in the construction and maintenance of power distribution and generation assets.
Carnegie acquired the 65% interest it didn’t own in EMS earlier this month.
So far, the subsidiary has primarily built projects in Western Australia.
“The size of the target market within Australia, across off-grid, fringe-of-grid, commercial and industrial is estimated to be in excess of $1.6bn over the next 5 years and $5bn over the next 10 years, as the costs of solar and battery energy storage systems continue to fall and renewable energy penetration continues to grow,” Carnegie managing director Michael Ottaviano said.
“This partnership will enable us to seize this significant opportunity and cement our position as market leader in this space.”
Image: SXC
