APA Group to purchase 110MW PV farm under development in Queensland

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Development costs will also be backed by a AU$20 million grant from ARENA. Flickr: Timothy Swinson

Australian energy infrastructure firm APA Group has agreed to purchase a 110MW solar plant that is currently under development near Dalby in south-western Queensland, Australia, for AU$200 million (US$150 million), according to a filing on the Australian Stock Exchange.

The agreement to purchase the Darling Downs Solar Farm also comes with an option to acquire the nearby Beelbee Solar Farm development site, where a further 150MW of PV could be added.

Development costs will also be backed by a AU$20 million grant from the Australian Renewable Energy Agency (ARENA) Advancing Renewables Programme.

Construction is expected to be completed by late 2018 and the plant will be connected to the Darling Downs Braemar substation, which connects into the National Electricity Grid.

On financial close, APA will also sign a power purchase agreement (PPA) with utility Origin Energy until December 2030.

APA Group managing director, Mick McCormack, said: “This renewables project sits well with APA’s successful and sustainable investment criteria as, with all our investments, it is underwritten by a long-term contract with one of our existing customers and meets our return criteria. This will be APA’s second solar project and like the Emu Downs Solar Farm in Western Australia that we recently announced, the Darling Downs Solar Farm will utilise ARENA funding.”

The Emu Downs farm is the first solar farm in WA to be co-located with wind turbines, in this case with APA’s existing 80MW Emu Downs Wind Farm.

Read Next

June 21, 2021
Plans for a green hydrogen hub in Australia that would feature 26GW of solar and wind have been rejected by the federal government due to the project's environmental impacts.
June 18, 2021
Horizon Power and PXiSE Energy Solutions have successfully powered the Australian town of Onslow with completely renewable energy, demonstrating the potential of microgrid technology
June 10, 2021
Queensland will invest AU$2 billion (US$1.55 billion) on renewables and hydrogen jobs to support the Australian state’s economic recovery from COVID-19 and help it deliver on its 50% clean energy target by 2030.
June 8, 2021
Solar PV and wind will continue to be the cheapest sources of new electricity generation capacity in Australia, even when integration costs are included, according to new research from the country’s science agency, CSIRO, and the Australian Energy Market Operator.
June 7, 2021
New Energy Solar has secured a deal to sell two PV projects in New South Wales for AU$288 million (US$223 million), marking the solar investor’s exit from Australia.
June 3, 2021
Oslo headquartered renewable power producer Scatec has announced a new partnership with ACME to develop a 900MW solar power plant in the state of Rajasthan, India.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021