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Euronext-listed utilities group Engie is seeking to sell up to 50 per cent of its 250-megawatt Goorambat East Solar Farm in Victoria, just as it prepares to commence construction in the third quarter.

Street Talk understands Engie is willing to bring in a co-investor on the development, which will be spread across 630 hectares and house up to 500,000 solar photovoltaic panels. Its adviser, Rothschild & Co, is expected to mail out teasers this week, sources said. Non-binding indicative offers are due mid-June.

The project, originally purchased from fellow Frenchie Neoen, is being shopped as shovel-ready. Planning permits for connection assets and the PV array are in place, and everything should be up and running by 2026.

From there, the site has scope to add a 500 megawatt-hour battery energy storage system, according to the sell-side pitch.

Of note, Engie is understood to have shortlisted a blue-chip lender lineup, including ANZ Group, BNP Paribas and Deutsche Bank, to stump up Goorambat’s debt financing.

Read the full story tomorrow and more on the Street Talk page.

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Click here for the latest equity market wrap.