KUALA LUMPUR (June 10): Gamuda Bhd (KL:GAMUDA) said on Wednesday it is acquiring a stake in Hazelwood North Solar Farm and battery energy storage system in Victoria, Australia.
The 450-megawatt hybrid project is set to enter construction in 2028 with commercial operation expected in 2030, pending a final investment decision, Gamuda said in a statement. The acquisition is subject to approval from Australia’s Foreign Investment Review Board.
Transaction details on the acquisition and project’s financials were not disclosed.
More to come
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