Renewable Energy Developer Offers to Acquire 376MW Solar PV Power Plant in Western Australia
Key Ideas
  • Pilot Energy received a non-binding offer from EDP Renewables APAC to acquire the Three Springs solar PV power plant in Western Australia for AU$11.5 million.
  • The solar PV project aims to support the Mid-West Clean Energy Project, which is focused on green hydrogen and green ammonia production in Western Australia.
  • The Mid-West Clean Energy Project plans to produce and sell 1.2 million tonnes per annum of clean ammonia by 2027, utilizing renewable energy sources like wind and solar PV.
  • Despite recent setbacks in Australia's hydrogen market, the sale of the solar PV project is seen as a positive step towards accelerating the development of renewable energy sources in the region.
Oil and gas explorer Pilot Energy has received a non-binding offer from renewable energy developer EDP Renewables APAC to acquire the 376MW Three Springs solar PV power plant in Western Australia for AU$11.5 million. The solar project, located in the Shire of Three Springs, is expected to support the Mid-West Clean Energy Project, which focuses on becoming a hub for green hydrogen and green ammonia production in the region. The Mid-West Clean Energy Project aims to produce and sell 1.2 million tonnes per annum of clean ammonia by 2027, relying on renewable energy sources like wind and solar PV. The sale of the solar PV project is seen as a significant step for Pilot Energy, providing capital for the company's wider goals, including the development of renewable energy sources to power the Mid-West Clean Energy Project. Despite recent setbacks in Australia's hydrogen market, the acquisition of the solar PV power plant is viewed positively in terms of advancing the region's renewable energy development.
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