Shell unit Shell Energy Operations and infrastructure manager Foresight formed a joint venture to acquire development rights for a 370-megawatt (MW) renewables project in West Australia.
In a statement, Foresight said the Australian Renewables Income Fund (ARIF) it managed, and Shell have a 50/50 stake in the partnership to acquire the Kondinin Energy Development from Lacour Energy and Glodwind International Holdings.
The project is composed of various stages, with a 121ME wind farm as the first stage. The Stage 2 option is a 114MW wind farm, whilst the solar project is situated on 125 hectares of land with a total capacity of up to 80MW.
The battery energy storage system meanwhile has a total storage capacity of up to 160MW/120MWh.
Foresight said the project is close to the existing Western Power 220-kilovolt transmission line, which it will tap to connect to the grid. The construction of the 121MW wind farm is expected to start in 2024, pending a final investment decision.
The completion of the transaction brings ARIF’s investment in operating renewable energy generation assets with a total capacity of 787MW in wind, hydro, and solar. It will also bring its development pipeline to over 3,000MW of wind, hydro, solar, and storage opportunities.
