Merredin Solar

Singapore-based Solar United Network Pte. Ltd. “SUN Energy” has acquired the 132 MWp Merredin Solar Farm in Western Australia, from Hong Kong based Risen Energy.

The Merredin Solar Farm in Western Australia emerged as the country’s best performing utility-scale solar PV project in 2021. International consultancy Rystad Energy said it delivered an average capacity factor of 29.6% for the calendar year. The project has a 50% offtake agreement with BHP’s Nickel West Kwianana mining company.

Voltiq acted as acquisition advisor to SUN Energy. Voltiq’s scope of work included among others financial modelling and valuation, acquisition-process management, assisting in negotiations on key transaction documents, and coordinating and facilitating the DD process.