Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has announced the signing of a power purchase agreement (PPA) with Snowy Hydro, for the production of the 67.8 MW AC of the Goonumbla Solar Farm project.
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The PPA was awarded to FRV within the Snowy Hydro Renewable Energy Procurement Program launched earlier this year and successfully concluded this month.
Located approximately 10km west of Parkes, the plant will connect to the national grid, producing approximately 195,000 MWh of clean energy per year.
This power output is enough to supply energy more than 45,000 Australian households and avoid the emission of around 140,000 tons of CO2 annually.
With an approximate extension of 385 ha, it is expected that construction will begin in April 2019 and will start operations in June 2020.
Its construction and operation will contribute to the economic development of the area, since FRV foresees the creation of up to 150 jobs during the construction phase of the plant, up to five of which will remain once it is operational.
Daniel Sagi-Vela, CEO of FRV said with this agreement the company wants to continue leading the production of renewable energy in Australia, a country that is showing a great commitment to boost renewable energy projects.
“The Goonumbla Solar Farm will enable us to develop our expansion plans in the country, while contributing to a more sustainable future in Australia,” he said.
Snowy Hydro’s CEO, Paul Broad, said it was great to sign a solar offtake agreement with FRV for the Goonumbla Solar Farm.
“Snowy Hydro’s Renewable Energy Procurement Program was massively oversubscribed,” Mr Broad said.
“More than 17,600 megawatts of projects were submitted through the competitive process and 888 megawatts across eight contracts were signed.”
This is Fotowatio Renewable Ventures’ sixth project in the country.
