Renew Estate and Wirsol to develop 1GW energy projects

International renewable energy company Wirsol Energy has partnered with Australian developer Renew Estate to embark on a gigawatt-scale project development pipeline.

Located in the Manly renewables tech hub dubbed Solar Beach, the companies will develop more than 1GW in renewables projects over the coming years.

More than 400MW of large-scale solar farm projects are already underway with construction expected to start in 2018.

The news follows an announcement in March heralding Wirsol’s successful acquisition of three new large-scale solar farm projects totaling 198MW, the largest of its kind in Australia to date.

Wirsol managing director Mark Hogan expressed his enthusiasm for the new venture.

“We are delighted to be working with Renew Estate and want to bring a fresh approach to the development of projects in the Australian market,” Mr Hogan said.

“We have already successfully entered the Australia market with the acquisition of the first large-scale portfolio of solar farm projects.

“We have delivered more than 1GW of innovative solar projects in Europe and are now committed to developing a portfolio across Australia.”

Norton Rose Fulbright global head of energy Simon Currie said the innovative partnership would deliver “future-ready” projects incorporating storage and enhancing the reliability of the system.

“Dramatic falls in the cost of solar and wind energy and storage technologies mean we can now plan for a zero carbon future with affordable, reliable and sustainable energy,” Mr Currie said.