Red Sky Energy Limited has announced two of the proposed 500 photovaltaic (PV) Solier Systems have been installed on the site of the Dubbo Solar One Project.
The Dubbo Solar One Project is being developed by Red Sky’s solar energy business, Soleir and will be its first utility-scale project.
Each Soleir System comprises 18 PV panels and an associated 5KW inverter. The panels are placed in a fixed tilt configuration on the project site, with panels permanently tilted to the north to capture maximum sunlight.
Soleir’s next major milestone is regulatory approval for the project’s proposed funding structure.
Red Sky subsidiary, Rhythm Section Investment Management, has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission (ASIC). The AFSL will help facilitate the project’s unitised ownership structure.
The 2.5MW Dubbo Solar One Project is the company’s first utility-scale project. Soleir has a 30-year lease for the project site from the Dubbo City Council and development approval for the project is in place. The project requires only 5ha and the site has the potential to accommodate an expanded project, of up to 12MW.