EDP Renewables Proposes Acquisition of WA Solar Farm to Power Low Carbon Future

EDP Renewables has put forward a non-binding offer to acquire Pilot Energy’s 367MW Three Springs Solar Development, a project designed to support the production of low carbon ammonia through the Mid West Clean Energy Project (MWCEP). The acquisition deal, priced at $11.5 million, is expected to be completed by the end of 2024, subject to due diligence, internal approvals, and regulatory conditions.