Energy retailer EnergyAustralia (Melbourne) on February 6th, 2017 announced one of Australia’s largest solar power purchase agreements to underpin development of the 142 MW Ross River solar project in Queensland.
The power purchase agreement (PPA) is the second in EnergyAustralia’s USD 1.5 billion program to buy around 500 MW of power from new wind and solar energy projects across eastern Australia.
In December EnergyAustralia announced it had agreed to secure all the electricity produced by a 48.5 MW solar farm at Manildra in regional New South Wales until 2030.
Under a 13-year foundation contract EnergyAustralia will buy 80% of the solar power generated by the approx. USD 225 million Ross River Solar Farm near Townsville, one of Australia’s largest solar projects in development.
The PV project, located on a disused mango plantation, is jointly owned by infrastructure manager Palisade Investment Partners and solar farm developer ESCO Pacific.
ESCO Pacific secured development approval for the solar farm from Townsville City Council in June 2016. Construction is expected to start in the first quarter of 2017 and will take about 12 months.