US company Signal Energy, LLC has chosen Sydney for its Australian headquarters secured with the assistance of the NSW Government, creating more than 40 jobs and hundreds of indirect jobs in the renewable energy sector.
Minister for Investment Stuart Ayres said the Tennessee-based company has established an Australian subsidiary, Signal Energy Australia Pty Ltd, based at Barangaroo.
"Signal Energy is a major engineering, procurement and construction services company and its choice of Sydney is a vote of confidence in our industry's future, Mr Ayres said.
"As well as its more than 40 direct jobs, Signal Energy Australia has also secured work on two major NSW solar farm projects being built at Finley and Darlington Point which will support about 400 construction jobs. These projects will have positive economic spin-offs for the Riverina."
Signal Energy Australia General Manager Robbin Russell said the NSW Government had helped the company enter the Australian market.
"The NSW Government has been a tremendous help in getting our company established in Australia by providing market and regulatory information and introductions to potential clients and suppliers," Mr Russell said.
"The Australian renewable energy market is growing and we have chosen Sydney as our base as it is the nation's business capital and close to the majority of our potential customers and partners."
Mr Russell said Signal Energy Australia has secured two major solar plant construction projects comprising over one million solar panels – a 175 megawatt farm at Finley and a 333 megawatt farm at Darlington Point which also includes provisions for a future battery energy storage.
"ESCO Pacific and John Laing chose Signal Energy for the Finley Solar Farm which will be built on about 1,000 acres and produce enough electricity to meet the needs of more than 90,000 homes, displacing more than 400,000 tons of carbon dioxide emissions annually.
"Signal Energy Australia has been selected by Edify Energy and Octopus Investments to build the Darlington Point Solar Plant which will power for more than 115,000 NSW homes and displacing over 600,000 tons of carbon dioxide emissions annually."
