ESCO Pacific and Elliott Advisers have announced financial close for the 98MW Susan River Solar Farm and 75MW Childers Solar Farm in south-east Queensland.
Construction of the solar farms, located in the Fraser Coast and Bundaberg regional council areas, is exepcted to take nine months.
Biosar Energy has been appointed for the construction, operation and maintenance of the projects, which will be owned by affiliates of Elliott Advisers.
ESCO Pacific – the company building the 148MW Ross River Solar Farm at Townsville – has been appointed as the asset manager for both projects under a long-term arrangement.
“Achieving financial close on the sale of the 98MW Susan River Solar Farm and 75MW Childers Solar Farm further
demonstrates ESCO Pacific’s ability to take the lead in delivering significant projects to market,” ESCO Pacific managing director and founder Steve Rademaker said.
“It is clear that Australian merchant solar remains an attractive opportunity for experienced investors. ESCO looks forward to continue bringing jobs and growth to regional Australia through its extensive pipeline of highly advanced projects currently under development.”