Neoen, a developer of renewable energy, has signed a power purchase agreement (PPA) with CleanCo Queensland, enabling it to build the Western Downs Green Power Hub solar plant with a capacity between 460MW and 480MW in Australia.
According to the PPA, Neoen will supply 352MW of power from the solar plant to CleanCo Queensland. The power generated from the project will be transmitted into Powerlink Queensland’s transmission network.
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Once operational, the Western Downs Green Power Hub project will generate enough clean energy to power 235,000 Australian homes.
Neoen said that the Western Downs Green Power Hub solar plant will be built with an investment of AUD750m ($484m), which will be located near Chinchilla in south east Queensland.
During the construction phase, the solar plant is expected to create up to 400 jobs in the local and South West Queensland area.
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Construction on the project is expected to begin in July and is scheduled to commence in the first quarter of 2022.
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By GlobalDataNeoen Australia managing director Louis de Sambucy said: “We are excited to work in partnership with CleanCo with whom we share the same long-term vision.
“The electricity produced by Western Downs solar farm will complement CleanCo’s hydro energy production and it will be our first project in Queensland.
“We are fully committed to delivering this landmark deal by making the most of the region’s excellent solar resources, the use of the latest technology and our experience in delivering solar farms on time and on budget.
“We look forward to Western Downs becoming a lighthouse project in achieving excellent regional economic and local community outcomes that will be needed in the aftermath of Covid-19’s impact on the economy. This will also help the Queensland government work towards its ambitious target of 50% renewable energy by 2030.”
CleanCo Queensland is a clean energy company in Australia, which aims to supply 50% of the power for Queensland from renewable resources by 2030.
It is the second renewable energy offtake agreement signed by CleanCo Queensland since its establishment in December 2018, contributing to more than 30% of its energy requirement, to meet a target of 1GW in new renewable generation by 2025.
CleanCo Queensland inaugural CEO Maia Schweizer said: “This an exciting initiative which is delivering a better future for Queensland. We’re delivering affordable, secure and clean energy, which is powering new jobs right across our state.”
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Neoen to build 480MW solar plant in Australia. (Credit: Pixabay/JoergGastmann.)
