Potentia Energy buys Australian renewable energy assets

Green deal: Enel Green Power workers installing new solar panels in Mexico. Potentia has 309MW of solar capacity in the Australian states of South Australia and Victoria, and a 75MW wind farm in Western Australia. — AFP

SYDNEY: Potentia Energy, a joint venture between Italy’s Enel Green Power and Japan’s Inpex Corp, will buy controlling stakes in 1GW worth of renewable energy projects in Australia from private equity and superannuation fund investors.

Potentia said the purchase included 700MW of wind and solar assets, and 430MW of late-stage development projects consisting of the South Australian and Queensland Battery Energy Storage system.