BayWa r.e. sells Karadoc Solar Farm to Atmos Renewables

Aerial shot of large solar farm in arid grassland area (karadoc)
Karadoc Solar Farm (Image: BayWA r.e.)

Global renewables company BayWa r.e. has announced its sale of Karadoc Solar Farm and strategic development partnership with Atmos Renewables for a series of wind projects.

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.

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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 between BayWa r.e. and Atmos, a prominent player in the Australian renewable energy landscape, underscores BayWa r.e.’s dedication to fostering sustainable growth in Australia. It leverages Atmos’ local expertise and BayWa r.e.’s global experience, creating a formidable force for developing a series of wind projects across the country.

BayWa r.e. AG director of projects in Asia Pacific Daniel Gaefke said, “At BayWa r.e., 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 for a series of wind development projects with Atmos exemplifies our efforts to synergise local insight and international expertise for the betterment of Australia’s renewable energy landscape.”

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Atmos CEO Nigel Baker said the acquisition of Karadoc Solar Farm combined with an option to acquire interests in a series of wind development projects affirms the company’s strategy of growing its portfolio of Australian renewable energy assets.

“The acquisition of Karadoc Solar Farm further expands Atmos’ already diverse portfolio of operational renewable energy assets. It is our first Victorian solar farm and complements our existing portfolio of solar and wind assets across each state of the National Electricity Market (NEM),” he said.

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