VivoPower has partnered with IT Power (Australia) Pty Ltd to jointly develop a portfolio of utility-scale ground-mounted solar projects in New South Wales.
VivoPower International PLC (Nasdaq: VVPR) (VivoPower), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, VivoPower Pty Ltd (VivoPower Australia) has entered a partnership with IT Power (Australia) Pty Ltd (ITP) to jointly develop a portfolio of utility-scale ground-mounted solar projects in New South Wales, with an initial aggregate capacity of at least 50 MW and the opportunity to add additional capacity over time. VivoPower and ITP intend to design, contract, finance, and construct each project on a rolling basis.
VivoPower has demonstrated a successful track record with utility-scale solar projects, having developed, constructed, and financed projects representing more than 90 MW of generating capacity over the past two years.
Carl Weatherley-White, Chief Executive Officer of VivoPower, said: “VivoPower is excited about this major solar development initiative in the New South Wales market, which represents a significant expansion of our Australian footprint, and is also highly complementary to the solar initiatives of our subsidiary, Aevitas. We are very pleased to be working with ITP, a highly successful and respected partner with demonstrated experience in the Australian renewables market.”
Simon Franklin, Managing Director of ITP, added: “ITP is delighted to be working closely with VivoPower on this exciting enterprise. VivoPower has been highly successful with their international solar farm development projects and combined with our extensive local experience in the Australian energy market, we are confident of success.”
VivoPower is an international solar power producer and storage company that develops, builds, and operates projects on a global basis in a capital-efficient manner. VivoPower does this by aggregating photovoltaic (PV) solar projects underpinned by long-term power purchase agreements, arranging corporate and project financing, engineering, design, and equipment procurement as well as managing the construction and development of such solar PV projects.
About IT Power Australia Pty Ltd
Established in 2003, ITP is a renewable energy consulting and engineering company working on projects of all sizes for governments, corporations, aid agencies, and energy providers in Australia. As part of the wider ITP Energised Group, one of the first consultancies to bring together specialists in renewable energy, energy efficiency, and carbon markets, ITP draws on more than three decades of experience delivering thousands of renewable energy projects around the globe. Within the ITP Energised Group, ITP leads work in the Australian and Asia-Pacific region and works globally with ITP Energised Group partners.