Enel Green Power S.p.A., in association with Dutch Infrastructure Fund, have taken up the challenge to construct the biggest solar PV in Australia. Located near the Port of Augusta in South Australia, the 137.7 MW1 Bungala Solar One photovoltaic (PV) plant will constitute the first installment of Bungala Solar PV Project, which is aspiring to increment the capacity in excess of 275 MW2.
Enel will be pouring in nearly US$157.0 mn in the overall project, increasing the total investment past US$315.0 mn though a mix of equity and other finances for the product, which has been primarily fetched from international and local banks. The Bungala Solar project has complete long-term contract with Origin Energy, which is one of the prominent Australian utility.
The head of Enel Green Power, Antonio Cammisecra, has expressed utter satisfaction and proud of the development of renewable energy in Australia via Bungala Solar, and hopes the project will mark a consistent growth of green energy that has tremendous potential in the country of Australia.
Facility to Serve Energy Needs of 82,000 Households
It must be noted that the construction of second installment of the renewable energy facility will begin shortly too, scheduled for the end of 2017 while the 275 MW facility is expected to start operating by the start of 2019. Once complete, collectively, the Bungala Solar facility will generate about 570 GWh per year, which will be enough to take care of energy requirements of 82,000 households in the region. This project will also enable the avoidance of 520,000 tons of carbon dioxide that these households currently cause.