Aus & NZ: John Laing to acquire Australian solar project

17 October 2018 - 12:00 am UTC

UK infrastructure investor John Laing has provisionally agreed to purchase the 128 MW (dc) Cunderdin solar project in Western Australia from Sun Brilliance, Inframation sister title SparkSpread has learned.

KPMG is advising on the equity sale and also a debt raising.

Any John Laing purchase would be conditional on Cunderdin securing a power purchase agreement and debt financing.

PPA negotiations are understood to be well advanced.

Last November, Sun Brilliance signed two contracts with Western Australian state-owned electricity distributor Western Power. One agreement was to allow Cunderdin to connect to the network and a second was to allow the project to sell power into the network on a merchant basis.

Officials at John Laing and Sun Brilliance declined comment.

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