Origin deal to see 2016 kick-off for Clare solar

Posted May 4, 2016

shutterstock_106124045

Construction of a 100MW solar farm outside Ayr, North Queensland, is due to start this year after the proponents secured a power purchase agreement with Origin Energy.

Origin Energy has made a deal with global solar company Fotowatio Renewable Ventures (FRV) to take electricity from the proposed Clare Solar Farm.

Under the terms of the power purchase agreement (PPA), Origin will buy 100 per cent of the output and large-scale renewable energy certificates (LRECs) from the site for 13 years.

The Queensland Government announced approval of the project late last year, saying the $400 million development would create an estimated 200 jobs during construction and power up to 65,000 homes when fully operational.

FRV is due to commence construction on the 300ha site later in 2016, with operations expected to commence in 2017.

Origin has also secured an option to develop a further 35 MW of capacity.

The deal follows the signing of a 15-year PPA with FRV for the solar power generated by the 56 MW Moree Solar Farm in northern NSW in March.

Origin Energy markets chief executive officer Frank Calabria said the cost of solar was falling rapidly compared to other renewable resources and Origin was well-placed to capture opportunities towards its aspiration to be Australia’s No. 1 renewables company.

“Now is the ideal time to invest in solar and we have been actively looking for opportunities to diversify and add more renewable energy to our portfolio,” he said.

“The sunshine state is ideal for generating solar and Clare Solar Farm is in an optimal location close to existing transmission infrastructure, as is Origin’s DA-approved Darling Downs proposal in south-east Queensland.

“Clare Solar Farm will generate more solar energy than any other Australian project, utilising single-axis tracking technology with panels that follow the sun to maximise generation capacity throughout the day.

“Origin has a strong track record of supporting and underpinning investment in renewables through PPAs, including Snowtown II in South Australia, and the signing of this PPA means construction at Clare can commence towards the end of the year.”

 

 

Leave a Reply


two − 2 =