SolarReserve’s 150 MW solar thermal power plant has been granted development approval by the South Australian Government, paving the way for construction to begin this year.
The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.
After agreeing to provide debt finance to two Wirsol projects with a combined capacity of 200 MW, the Clean Energy Finance Corporation (CEFC) has achieved the milestone of having funded 1 GW of large scale solar projects. The two loans to Wirsol allow construction of the projects to get underway before PPAs have been signed.
Chinese/Australian developer Maoneng has signed a 15-year PPA to provide energy company AGL with 300 MW of PV projects, to provide up to 800,000 MWh of electricity per year. The projects form part of AGL’s plan to replace the coal-fired Liddell Power Station, set to close in 2022.
Ground was broken on the 60 MW project in a ceremony held on Monday. Developer Windlab limited says it expects the $160 million project to be completed in late 2018.
Based on an exclusive memorandum of understanding, Australian EPC Decmil is poised to design and construct one of the largest solar projects in New South Wales. The company is in line for a $275 million engineering contract with Chinese group Maoneng in March next year.
What is being touted as Australia’s largest merchant PV power plant has signed grid connection and electricity transfer agreements with WA’s state-owned grid operator Western Power. Construction on the two-phase 128 MW(dc) project, to be located around 160km east of Perth, is set to get underway in early 2018.
European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.