Windlab, Eurus Plan $102M Australia Hybrid Wind, Solar Farm

Windlab Ltd. and Eurus Energy Holdings Corp. plan to build a A$140 million ($102 million) wind and solar energy park in the Australian state of Queensland.

The Kennedy Energy Park plant will be the first large-scale hybrid solar and wind park in Australia, Canberra-based Windlab said in a statement posted on its website. Construction is expected to start after June next year.

The companies will install six wind turbines and 64,000 solar panels in the first stage of the project, according to the statement. Successful completion of the first stage may lead to adding 1,200 MW of clean energy capacity, Windlab said in the statement.

The Kennedy Energy Park follows an announcement earlier this year of a 20 MW wind project in Victoria that Windlab and Eurus are building together. Eurus, a Tokyo-based clean energy developer, is a venture between Toyota Tsusho Corp. and Tokyo Electric Power Co.

©2015 Bloomberg News

Lead image: Mono-crystalline solar panels and wind turbines. Credit: Shutterstock.

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