OX2 has sold two solar projects in Australia with combined capacity of 137 MWp / 105MW ac. The transaction will be recorded in the third quarter 2024.
The sale includes project rights for Lancaster solar farm, 106MWp / 80 MWac, located in Victoria and Mulwala solar farm, 31MWp / 25MWac, in New South Wales. Both solar farms are expected to become operational during 2026.
Once operational, the annual production from the solar farms is estimated to about 255 GWh, which corresponds to the annual electricity consumption of approximately 54,000 Australian households.
The transaction will have a limited impact on OX2’s accounts.
Following this transaction and the recently announced sale of a solar farm in Victoria OX2’s development portfolio in Australia includes projects totaling 1,185 MW.
