WIRSOL Energy signs two new power off-take agreements with SIMEC ZEN Energy

PRESS RELEASE

WIRSOL Energy has reached a landmark agreement with SIMEC ZEN Energy, the Australian energy arm of Sanjeev Gupta’s GFG Alliance, by contracting the majority of energy production from two large Australian Solar Farms.

The long-term supply agreement has been reached with the Australian division of international developer WIRSOL Energy to purchase energy from their 89MWp Clermont Solar Farm, north of Emerald in Queensland and their 110MWp Wemen Solar Farm, near Mildura in Victoria. The projects commenced construction in December 2017 and are due to be commissioned in the fourth quarter of 2018.

The Clermont Solar Farm will produce the equivalent energy to power 31,000 homes saving 184,000 tonnes of CO₂ emissions and the Wemen Solar Farm the equivalent energy of 34,000 homes saving 256,000 tonnes of CO₂ emissions.

Managing Director of WIRSOL Energy, Mark Hogan said: “We are delighted to have signed two power purchase agreements with SIMEC ZEN Energy.

The signing of these PPAs mark another important milestone for WIRSOL in Australia as we move towards our target of 1GW of solar energy by 2020.

We share SIMEC ZEN’s vision of delivering cheaper, more reliable and environmentally sustainable energy and we see strong alignment between our businesses.”

Wirsol has five solar projects spread across Victoria and Queensland, each due to be connected to the national power grid by the end of 2018.

The five projects have a combined 397 MW of capacity with the recently commissioned Gannawarra solar project in Victoria to be supported by a 25 MW / 50 MWh Tesla Powerpack battery, making it one of the largest solar and battery storage systems globally, and Australia’s biggest.