This article is from the Australian Property Journal archive
LENDLEASE has signed a joint venture agreement with Carnegie Clean Energy that is looking to capitalise on a solar and battery design enhancement market estimated to be worth between $1.6 billion and $5 billion over the next decade in Australia.
The respective group’s subsidiaries, Lendlease Services Pty Ltd and solar and battery engineering company Energy Made Clean, will deliver solar photovoltaic, battery energy storage systems and microgrids through EPC contract.
The agreement will bolster Energy Made Clean’s construction, logistics and delivery capabilities.
It had a $16 million revenue turnover in the 2016 financial year.
Carnegie Clean Energy managing director, Michael Ottaviano, said the joint venture represents a compelling value proposition to solar and solar microgrid projects across the country.
“The size of the target market within Australia, across off-grid, fringe-of-grid; commercial and industrial is estimated by in excess of $1.6 billion over the next five years, and $5 billion over the next 10 years, as the costs of solar and BESS continue to fall and renewable penetration continues to grow,” he said.
Australian Property Journal
