Carnegie Clean Energy announced Monday that it is developing a 10MW solar power station in Northam, Western Australia.
The project will be comprised of 34,000 solar panels and will be developed on 25 hectares of land located 100km east of Perth. Once completed, the installation will produce approximately 24,000 MWh of electricity per year. The system has also been designed to be battery-storage ready.
This installation stands as the first large-scale solar project to be delivered as part of the joint venture between Carnegie’s wholly owned subsidiary, Energy Made Clean, and leading property and infrastructure company Lendlease, and is expected to commence operation by the end of 2017.
Carnegie is expected to own and operate the solar power project for at least the next 25 years. Energy generated by the project will effectively power 3,800 households and displace 17,000 tonnes of greenhouse gas emissions annually.
Dr. Michael Ottaviano, Carnegie’s managing director and chief executive officer, said: “This is the next step in the evolution of Carnegie Clean Energy. The Tier 1 capabilities of the EMC Lendlease joint venture, combined with the design, development and financing capabilities of Carnegie, provide us with a clear point of difference in the rapidly emerging utility solar market in Australia. Carnegie is planning on replicating this approach across Australia.
“The ability to add utility scale battery storage is a new product offering we will integrate into our own solar farms and also to other developers of utility scale solar farms as the technology costs continue to decline in the coming years.”
The project is expected to cost between $15 and $20 million. Carnegie is currently in discussions with third-party providers of both equity and debt and possesses a number of funding options to take the project through to completion, including shared ownership models.
Carnegie has the option to sell energy in the Wholesale Electricity Market (WEM), or to deliver Large Scale Generation Certificates (LGC) to third-party customers through either direct Power Purchase Agreements (PPA) or their own energy retail license — or even a combination of both.