Octopus Australia and the Clean Energy Finance Corporation (CEFC) have jointly purchased the rights to develop the proposed 44MW Perry Bridge Solar Farm and 80MW Fulham Solar Farm in Victoria’s Gippsland region, PV Magazine reports.
The 44MW/50MWh Perry Bridge Solar Farm and battery storage project, has planning approval from the Victorian government while the 80MW/80MWh Fulham Solar Farm and battery storage project is awaiting planning approval.
Octopus and the CEFC have purchased the rights to develop the projects from Melbourne-based management team Solis Renewable Energy which, along with Marathon Electrical and WK & MA Ferguson, is part of the Repowering Gippsland JV. The three firms will work together to bring the projects to financial close.
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Octopus Australia managing director Sam Reynolds said the early retirement of Yallourn Power Station, the Perry Bridge and Fulham solar storage formed part of the strategy to replace the coal-based generator.
“Gippsland has its roots in the electricity industry, and these projects help the region continue that journey,” Reynolds said.
“As the first renewable energy projects to be built at scale in the region, the Perry Bridge and Fulham solar farms symbolise how the region can be transformed into a green energy powerhouse for the 21st century.”
Octopus Australia is a subsidiary of UK-based Octopus Group, one of the world’s largest investors in renewable energy.
