Swedish renewable energy developer with major projects in Australia OX2 has commenced construction on the Muswellbrook Solar Farm and Battery project in New South Wales, combining 135 MWac of solar generation with a 100 megawatt battery energy storage system.

Located within the Hunter Central Coast Renewable Energy Zone, the project is expected to generate around 347 gigawatt-hours of renewable electricity annually, enough to supply approximately 52,000 homes.

The development represents another milestone in the continued build-out of large-scale renewable and storage infrastructure across regional New South Wales, as governments and developers work to replace retiring coal-fired generation with firmed renewable energy capacity.

Matthias Taft, Chief Executive Officer at OX2, said the project reflects the company’s long-term goals.

“I’m proud of the work that has brought this project to life and of our contribution to

strengthening the energy supply in New South Wales. The investment highlights our

long-term commitment to Australia and supports our growth as an independent power

producer,” Taft said.

Muswellbrook Solar Farm and Battery has secured a long-term hybrid power purchase agreement with an international offtaker covering both solar generation and battery storage. Project financing has been supported by MUFG, which acted as Sole Structuring Coordinator, Mandated Lead Arranger, Underwriter and Bookrunner.

The project is being constructed predominantly on land formerly associated with coal mining operations. Idemitsu Australia co-developed the project alongside OX2 and will remain a long-term landholder of the site.

In addition to the energy infrastructure investment, OX2 will fund local community benefit initiatives through a Voluntary Planning Agreement with Muswellbrook Shire Council.

Construction has commenced immediately, with the project scheduled for completion in 2028.

OX2 entered the Australian market in 2023 and currently has a development portfolio exceeding 3 GW across solar, wind and energy storage projects nationwide.