Australia’s largest solar park triples its profits despite grid cuts

Australia’s first phase of the largest solar project has tripled its profits over the past year as it approached its full capacity, despite the restrictions imposed on its production by the October grid cuts. New England solar park, near Uralla, in northern New South Wales, currently has a nominal power of 400 megawatts (MW), but will reach 720 MW when its owners, Ace Renewables, complete the second phase of the project in the coming years. Acen…