DP Energy has appointed EY and Baker & McKenzie as their financial and legal advisors on their hybrid wind and solar Port Augusta Renewable Energy Park in South Australia.
These appointments are important steps towards achieving their objective of financial close by the end of Q1 2017. The 375MW project received Development Approval from the South Australian Government in early August. When fully commissioned, it will generate approximately 1,000 GWh of clean renewable energy directly into the national electricity grid per year. The project CAPEX is estimated to be approximately AUS$ 700 million.
