ACT solar project sold

Solar panel

Renewable energy company ReNu Energy has purchased the $2.38 million Amaroo Solar project, based in the Australian capital.

Operator VivoPower has agreed the sale of the 600kW project, underpinned by a 20-year ACT Government feed-in tariff scheme.

Amaroo School, based in Canberra, entered the lease in 2015, becoming the largest photovoltaic rooftop project in ACT.

“We are very pleased to have executed the sale and purchase agreement with ReNu Energy for the transfer of the Amaroo Solar Project,” said VivoPower CEO, Dr Philip Comberg.

“For VivoPower, this is the first of what we expect to be many successful transactions with ReNu Energy in Australia, and further establishes a successful track record for VivoPowers’s build, transfer and operate model.”

ReNu Energy, which develops clean energy products, has a pipeline of bioenergy opportunities across the National Electricity Market and is also constructing a 360kW solar PV embeeded network at the Griffin Plaza Shopping Centre in NSW.

“The Amaroo Solar PV Project will be ReNu Energy’s first operational solar asset, and is the largest solar PV rooftop project in the Australian Capital Territory,” said ReNu Energy CEO and managing director, Chris Murray.