BEI axes Mid West solar farm contract with RCR Tomlinson
Peter WilliamsThe West Australian
Saturday, 1 December 2018 8:55AM
The project is one of a number to help meet the State Government’s 2020 renewable energy target.
Synergy has a 19.9 per cent stake in BEI, whose main shareholders are Dutch Infrastructure Fund and union superannuation fund Cbus.
The State Government last year transferred the Greenough River project and three wind farms to BEI.
“BEI will now commence a process to identify and engage a replacement organisation or mix of organisations to complete the project, with the aim of minimising disruption to the project’s timeline,” yesterday’s statement said.
“Importantly, the long-term operation of the Greenough River solar farm will not be impacted as warranties and ongoing plant operations are not linked to RCR.”
While RCR’s administrators are looking to sell its businesses as a going concern, its troubled solar energy construction arm may be wound up.
The company failed in the wake of a $57 million writedown from a Queensland solar project.
Despite raising $100 million from investors, this month RCR’s bankers refused a plea for extra funds to service its solar contracts.
The company was working on nine solar farms at the time of its collapse.
https://thewest.com.au/business/eng...rm-contract-with-rcr-tomlinson-ng-b881037407z
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