255 MW »Sunraysia Solar Farm« nears completion
Post date: 06/08/2019 - 16:00
The Australian University of New South Wales (UNSW) announced that the »Sunraysia Solar Farm« nears completion. The 255 MW facility is on track to be the largest solar farm in Australia this year.
Solar PV developer Maoneng Australia, John Laing (JL) and Decmil (DGL) announced the ground breaking ceremony for the solar park located in Balranald, New South Wales, in February. The project will consist of more than 755,000 solar panels to be mounted onto single axis tracking tubes. More than 4,000 km of cables and 100,000 piles will be installed over a development footprint of up to 800 Hectares. The solar farm is expected to generate approximately 529 GWh of energy per year when commissioned.
Maoneng has reached financial close in October 2018. The asset is underpinned by two Power Purchase Agreements (PPAs) under which UNSW Sydney and AGL Energy purchase energy over 15 years. Maoneng entered into a long-term equity partnership with John Laing for the investment and development. In addition, the project has secured debt financing from Nord L/B, ING, Mizuho, Bank of China and National Australia Bank (NAB).
The UNSW Sydney is on track to use 100 percent renewable electricity from 2020 as »Sunraysia« will be completed at the end of 2019.