BayWa r.e. Forges Strategic Development Agreement with Atmos Renewables and Sells Karadoc Solar Farm
The Karadoc solar farm represents BayWa r.e.'s first owned and built solar plant in Australia, and it stands as one of Australia National Electricity Market (NEM)’s largest operating solar projects in terms of capacity.
August 19, 2023. By EI News Network
BayWa r.e. is committed to the redeployment of resources from the sales proceed and further outlays in its existing pipeline of 5GW in the Australian renewables market.
The Karadoc solar farm represents BayWa r.e.'s first owned and built solar plant in Australia, and it stands as one of Australia National Electricity Market (NEM)’s largest operating solar projects in terms of capacity.
Situated around 25 km south of Mildura, Victoria, Karadoc has a capacity of 112.5 MWp and became operational in 2019. Featuring over 346,000 solar panels, this facility generates sufficient energy to cater to 47,000 households.
The partnership between BayWa r.e. and Atmos, a prominent player in the Australian renewable energy landscape, underscores BayWa r.e.'s dedication to fostering sustainable growth in Australia. It leverages Atmos' local expertise and BayWa r.e.'s global experience, creating a formidable force for developing a series of wind projects across the country.
Daniel Gaefke, Director of Projects APAC, BayWa r.e. AG., said, "At BayWa r.e., we are committed to advancing the global transition towards clean energy. The sale of Karadoc combined with the strategic development partnership with Atmos as well as our growing renewable pipeline are a testament to this commitment. Our strategic partnership for a series of wind development projects with Atmos exemplifies our efforts to synergize local insight and international expertise for the betterment of Australia's renewable energy landscape."
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