Fotowatio Renewable Ventures (FRV), has announced it has signed a Power Purchase Agreement (PPA) with Ergon Energy for the output from its proposed 100MW AC (125MW DC) Lilyvale Solar Farm project.
The PPA, which will see Ergon Energy purchase 100 percent of the electricity and all large scale renewable energy certificates (LRECs) generated by the Lilyvale Solar Farm, will be effective once the solar facility begins operation – which is expected to be towards the end of 2018.
The PPA will run until the end of the Renewable Energy Target (RET) scheme in 2030.
FRV's Australian Managing Director, Cameron Garnsworthy, said he was pleased to be working with Ergon on this significant project. "Using commercially-proven, single axis tracking technology, FRV will provide Ergon with significantly greater commercial value by maximizing output from the Lilyvale Solar Farm over longer periods in the day," he said.
"FRV continues to demonstrate strong performance in securing long term PPAs to underpin its landmark solar power projects in Australia," he added.
The proposed Lilyvale solar farm is located 50 kilometres North East of Emerald in the Queensland Central Highlands region. The project received development approval in September 2015. FRV estimates up to 200 workers will be needed to complete Lilyvale Solar Farm's construction and five ongoing roles will be created once the project is operational.
The project's location near to major existing network infrastructure makes it ideal for connecting the solar farm to the national electricity grid and it is expected to power approximately 45,000 homes.