SUN Energy to acquire Merredin solar farm

Aerial view of Merredin Solar Farm (top performing)
Merredin Solar Farm

SUN Energy will acquire 100 pr cent of the assets of the 132MW/100MW Merredin solar farm from Risen Energy, according to Energy Global.

Merredin is one of the largest operating solar farms in Western Australia with a total of 354,452 panels spread over 460ha and expected annual renewable power generation of 274GWh—enough green energy to power approximately 42,000 homes in Western Australia.

Operational since August 2020, Merredin is connected to the Western Power Merredin Terminal Substation at 220kV. The project has also obtained development approval to deploy up to 20MW/40MWh of a Battery Energy Storage System (BESS) onsite, which will help stabilise the grid system in Western Australia and create additional revenue streams. SUN Energy and Risen Energy will jointly explore development of the BESS at Merredin post transaction completion.

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BHP has an offtake agreement for 50 per cent of the power from Merredin which is directed to their Nickel West Kwinana refinery and Kalgoorlie Smelter. This enables BHP to reduce emissions from electricity use at these facilities by 30-50 per cent. The project also has an agreement with Sunshot Energy for the offtake of Large-Scale Generation Certificates (LGCs) generated by the solar farm. Risen Energy will remain as the O&M contractor for Merredin after the acquisition.

SUN Energy is one of the largest commercial and industrial solar companies in Indonesia, with a vision to electrify the country with green energy, ensuring a sustainable environment for future generations. After solidifying its roots in Indonesia, it is actively pursuing regional expansion through acquisitions in key renewable energy markets such as Australia, Taiwan, Thailand and Vietnam.

The acquisition of Merredin forms an integral part of SUN Energy’s expansion strategy, with an ambition to become a regional leader in renewable energy solutions for both corporate and residential customers. Merredin provides the group with a strong foothold to grow in the most developed and dynamic renewable energy market in APAC.

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