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Maoneng moves forward on 250 MW solar photovoltaic plant in New South Wales
Australian Chinese solar developer Maoneng signs power purchase agreement with Australian electricity retailer AGL Energy
Michael Marray 13 Dec 2017

AUSTRALIAN Chinese solar developer Maoneng has signed a power purchase agreement with Australian electricity retailer AGL Energy, in a move which will underpin the development of the Sunraysia Solar Farm.

Maoneng signed the agreement on December 7. It involves the supply of up to 800,000 MWh of renewable energy annually for 15 years. With the agreement in place, the project will now be able to attract bank debt based on the certainty of revenues and cashflows.

Maoneng’s vice president Qiao Nan Han said the AGL contract, which underpins 300 MW of solar photovoltaic power plants in New South Wales, is the largest solar energy supply contract ever signed in Australia.

The contracts will underpin at least two major solar farms in New South Wales, including the Sunraysia Solar Farm in Balranald.

“The Sunraysia Solar Farm will be the first of several solar farms which Maoneng will work with AGL to develop,” said Qiao. “We are pleased to have entered into a contract with AGL that provides certainty for renewables development and energy security.”

The balance of the AGL contract will be allocated to the next most suitable project within Maoneng’s development portfolio in New South Wales. Maoneng will also consider the acquisition of suitable shovel ready projects.

Sunraysia Solar Farm is anticipated to generate approximately 530,000 MWh of electricity per year, to be transmitted via Transgrid’s transmission lines throughout New South Wales and Victoria.

Sunraysia Solar Farm has entered into a memorandum of understanding with Decmil Australia for the engineering, procurement and construction of the solar farm, with construction expecting to commence in the second quarter of 2018.

The development of Sunraysia Solar Farm was first announced in May 2016, with the receipt of the Secretary’s Environmental Assessment Requirements in June 2016. Following six months of land, site, technical and grid interconnection feasibility studies, an Environmental Impact Statement was submitted in February 2017. Incorporating stakeholder comments and inputs, the Sunraysia Solar Farm was approved for construction in July 2017.

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