Greek EPC acquires 260 MW Australian solar portfolio

Share

From pv magazine Australia.

Following the opening of its office in Melbourne last year, Metka Egn has closed the acquisition of its first PV portfolio in Australia. The London-based engineering, procurement and construction contractor, which operates as a subsidiary of Greek industrial conglomerate Mytilineos Holdings S.A., sees the 260 MW facilities as a platform for building out a pipeline of assets in Australia and the wider APAC region.

The portfolio comprises six projects in New South Wales and Queensland, each of which will have generation capacities of 30-50 MW once built. According to Metka, project development is well advanced with 169 MW of projects ready to build and construction expected to begin this year.

“This development stage portfolio was acquired from a local developer who will continue to play a role in finalizing development activities for several of the sites,” the company said in a statement. “Metka Egn is also structuring PPAs for the portfolio.”

The announcement stated the projects are near grid and demand centers and expected to generate more than 450 GWh of clean energy annually.

The Greek EPC says its reference projects include more than 1 GW of PV capacity in Europe, Africa, Asia, the Americas and Australia, including more than 100 MW of storage projects in the U.K. and Puerto Rico.