Global renewable energy developer, service provider, and solar distributor BayWa r.e. has unveiled a transformative dual announcement, signaling its unwavering commitment to Australia’s sustainable energy landscape. The company has successfully divested its pioneering Karadoc solar farm while forging a strategic alliance with Atmos Renewables (Atmos) for an ambitious wind energy initiative. This heralds a crucial step in BayWa r.e.’s Australian renewable energy journey, with proceeds from the sale and investments boosting their 5GW pipeline in the nation’s renewables sector.
BayWa r.e.’s foray into Australia’s energy market was highlighted by the establishment of the Karadoc solar farm. The solar farm stands as one of Australia National Electricity Market (NEM)’s largest operating solar projects in terms of capacity. Stationed approximately 25 km south of Mildura, Victoria, the solar farm encompasses a capacity of 112.5 MWp and commenced operations in 2019. Boasting a sprawling expanse of over 346,000 solar panels, the facility generates ample energy to power 47,000 households.
BayWa r.e.’s collaboration with Australian renewable energy leader Atmos emphasizes its commitment to fostering sustainable growth in Australia. Combining Atmos’ local expertise and BayWa r.e.’s global experience forms a powerful alliance for nationwide wind project development.
Daniel Gaefke, Director of Projects APAC at BayWa r.e. AG, emphasized the organization’s dedication to global renewable energy advancement. Gaefke commented, “At BayWa r.e., we are committed to advancing the global transition towards clean energy. The sale of Karadoc combined with the strategic development partnership with Atmos as well as our growing renewable pipeline are a testament to this commitment. Our strategic partnership for a series of wind development projects with Atmos exemplifies our efforts to synergize local insight and international expertise for the betterment of Australia’s renewable energy landscape.”
Underscoring BayWa r.e.’s pledge to Australia’s renewable energy sector, the partnership with Atmos solidifies the company’s role as a driving force behind the nation’s renewable energy revolution. The transaction marks a pivotal milestone for BayWa r.e., which has already achieved over 300 MW of installed capacity within Australia. This latest development underscores the company’s ascendancy in the sustainable energy sector.
