New Energy Solar has secured a deal to sell two PV projects in New South Wales for AU$288 million (US$223 million), marking the solar investor’s exit from Australia.
Australian-based PV asset owner of New Energy Solar (NEW) has acquired an 87MW (AC) PV power plant, currently under development from leading CdTe thin-film module manufacturer, First Solar.
NEW Energy Solar has agreed to acquire the 55.9MW Manildra Solar Farm, in Central West, New South Wales, from a subsidiary of First Solar for AU$113 million.
Australian PV company New Energy Solar is set to acquire 14 utility-scale PV projects, totaling 130MW, from US solar farm developer Cypress Creek (CCR). Cypress Creek will develop the 14 projects, which are expected to be commercially operational in 2018.
High-efficiency PV module manufacturer SunPower has sold two Californian projects, totalling more than 134MW amid recently announced restructuring plans.
