AGL will develop a 106 MW project at Nyngan and a 53 MW project at Broken Hill. First Solar will provide engineering, procurement and construction services for both projects, using its thin-film PV modules.
The Federal and New South Wales Governments will provide grant funding to support delivery of the projects under two funding agreements. The Federal Government will provide $129.7 million to support project implementation, and the New South Wales Government will provide $64.9 million in funding. Total capital expenditure for the two solar projects is expected to be approximately $450 million.
The projects will be developed in 2012-13 with construction complete in 2015. First Solar will maintain both projects for AGL for five years after commercial operation starts.
As required by the Solar Flagships program, AGL’s project will also include a research component under the Education Infrastructure Fund (EIF). The Federal Government will provide $40.7 million to the universities of Queensland and New South Wales to support construction of research infrastructure under the EIF.
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All short-listed PV project applicants for Solar Flagships funding, including Moree Solar Farm – which was awarded Solar Flagships funding last year, but whose proponents were asked to resubmit their application, along with other contenders, when they failed to meet required financial targets – will be referred for alternative funding consideration to the new Australian Renewable Energy Agency.
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