DP Energy is aiming for financial close on its 375MW Port Augusta wind and solar hybrid facility in South Australia by the end of the first quarter of 2017.
The Irish developer received state development approval for the renewable energy park in August and expects it to cost around A$700 million to build.
“We are currently running two parallel processes – selling the project outright or establishing debt and equity providers for the project,” DP Energy Australia’s Catherine Way said.
DP Energy intends to hold a minority stake in the event of either outcome. The company is currently in the process of hiring legal and financial advisers for the funding process, Way said.
Port Augusta Renewable Energy Park will comprise 59 wind turbines and almost 400 hectares of photovoltaic panels.
Image: SXC
Investors sought for 375MW Oz hybrid
DP Energy targets financial close on wind/solar park by early 2017
By EBS