In February 2019 we finished acquisition for the project for a photovoltaic station with an installed capacity of 34 MWp in Katherine, in northern Australia. The plant have an energy collection system that will avoid emissions of about 63,000 tonnes of CO2 a year. It will be integrated with an energy accumulation system with a capacity of 6 MW. This project will help the Northern Territory’s government achieve its objective of producing 50% of its energy from renewable sources by 2030. Eni Australia Limited completed acquisition of the project from Katherine Solar Pty Ltd, a joint venture composed of the Australian firm Epuron and British firm Island Green Power. Epuron will maintain an active role in managing the assets at the station once it is up and running. Once complete, the project will be the biggest photovoltaic station ever built in the Northern Territory. The building work began in spring 2019. The initiative represents our entry into the Australian renewables market and complements our existing Oil & Gas activities in the country.
The produced electricity will be sold through a 12-year PPA to Jacana Energy, the mail retailer in the Northern Territory, 100% owned by the Government of Australia. Furthermore, in 2019, Eni has obtained a project for the development of two photovoltaic plants in the Northern Territory for a total capacity of 25 MW, at the Batchelor and Manton Dam sites, whose construction has started at the beginning of 2020.