June 1 (Renewables Now) - Australian renewables developer ESCO Pacific has offloaded its 125-MWp Glenrowan solar project, for which early construction works have just kicked off in the state of Victoria.
The Melbourne-based company said on Wednesday that the project will be transferred to Pacific Partnerships, a unit of domestic construction and engineering firm Cimic Group (ASX:CIM). The latter’s subsidiary UGL, meanwhile, is handling the project's construction.
Following the transaction, the value of which was not disclosed, ESCO will remain part of the scheme through a long-term asset management contract for the solar farm.
To be installed near the town of Glenrowan, within the Wangaratta Shire Council, the photovoltaic (PV) park is planned to go online by the end of next year. Its annual output is expected to be around 260 GWh per year, enough to power 45,000 Aussie homes.
Network company AusNet has been hired to install new grid connection infrastructure for the proposed plant Detailed design work for the transmission assets is currently ongoing, with construction seen to be launched later this year, AusNet said.