Octopus Australia began 80 MW PV Farm in Victoria

Octopus Australia, an energy infrastructure company, has announced the financial close and construction commencement of its 80 MW Fulham Solar Farm and 128 MWh Battery project, valued at over $300 million. Funding came from Octopus’ managed funds, including Rest, CEFC, and Westpac Private Bank clients. The project, backed by a Victorian Government power purchase agreement, features DC-coupled hybrid technology. Octopus managed the entire Fulham project themselves and will continue to own and run it over the long term. It will progress the $850 million Blind Creek Solar Farm and Battery in New South Wales and the $800 million Blackstone Battery in Queensland, both set for 2025 construction. The Fulham project will involve local trades and materials and is expected to be fully operational in 2027. GRS and Wärtsilä are project contractors.