Recurrent Energy, a subsidiary of Canadian Solar Inc. and a global developer of solar and energy storage assets, has finalized the sale of its Gunning Energy Park hybrid project in Australia to a European infrastructure investment group.
The Gunning Energy Park features a 275 MWdc solar farm integrated with a 120 MW battery energy storage system (BESS). The project will connect to the National Electricity Market via a Transgrid transmission line. Located near the township of Gunning in New South Wales, approximately an hour north of Canberra, the project is expected to produce enough clean electricity to power more than 76,000 homes.
The sale represents another milestone for Recurrent Energy’s expanding footprint in the Australian renewable energy sector. It follows several recent accomplishments, including achieving financial close on the 171 MW Carwarp Energy Park in north-west Victoria, backed by a long-term power purchase agreement, and the development and sale of the Mannum BESS project in South Australia, a 100 MW / 200 MWh energy storage facility.
“We are proud to have executed the sale of our hybrid solar and battery project in Australia,” said Ismael Guerrero, CEO of Recurrent Energy. “This milestone builds on our continued success in the country, highlights our ability to develop innovative, large-scale renewable energy projects, and marks an important step in advancing Australia’s transition to a cleaner and more reliable energy system.”
