The project, known as the Royalla Solar Farm, will be the largest solar power station in Australia and will be constructed over a two-year period, according to Fotowatio Renewable Ventures (FRV).
Construction is due to commence in 2013 with completion scheduled for 2014.
Once completed, the solar farm will comprise approximately 83,000 PV panels.
FRV Australian Manager Andrea Fontana said “The tendered feed-in tariff is flat, not Consumer Price Index-adjusted, and has a duration of 20 years. We believe that this program will make a strong contribution to accelerating Australia’s transition to a lower carbon-emitting economy.”Article continues below…
Australian Solar Council Chief Executive John Grimes commented “Already, household solar is reducing demand for power from the National Energy Market. Now it is also becoming increasingly cost-competitive with polluting power at an industrial scale; the solar power station in the Australian Capital Territory will be delivered at just 18.6 cents per kWh.”
“The reverse solar auction is an innovative way of driving investment in big solar. It requires solar companies to demonstrate how they can deliver zero pollution, large-scale solar at least cost to taxpayers, and no funds are spent until power is actually generated.”