OX2 sells two Australia solar projects European Energy

Their capacity can provide energy to 54,000 Aussie homes.

Their capacity can provide energy to 54,000 Aussie homes.

Renewable energy company OX2 has sold two Australian solar projects with a total capacity of 137 megawatt-peak (MWp) to European Energy.

In a statement, the company said the sale includes project rights for 106-MWp Lancaster solar farm located in Victoria and 31-MWp Mulwala solar farm in New South Wales. Both are expected to become operational in 2026.

When operational, the solar farms will produce about 255 gigawatt-hours of electricity annually, enough to power around 54,000 Australian homes.

OX2 said the transaction will be recorded in the third quarter 2024 and will have a limited impact on its accounts.

Following this transaction, OX2’s development portfolio in Australia includes projects totaling 1,185 megawatts.

Australia Renewable Energy

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