Scheduled for completion in 2014, the 20 MW photovoltaic park will be located in Royalla. Pending planning and environmental approval, construction should begin in 2013. The park has been awarded a feed-in tariff of AU$186 (US$191) per MWh for 20 years and has already received the requisite Federal environmental approval.
While the company has said the plant will comprise around 83,000 photovoltaic panels and generate enough energy to supply approximately 4,500 households, it declined to disclose how much the project will cost, or which equipment suppliers will be contracted.
According to media reports, a total of 49 proposals were submitted to the ACT Government from 27 industry players. Of these, just 10 proposals from 6 companies were accepted for the auction. Another auction for 20 MW is expected to be held next June.
"The tendered Feed in Tariff is flat, not CPI [Consumer Price Index] adjusted, and has a duration of 20 years. We believe that this program will make a strong contribution to accelerating Australias transition to a lower carbon emitting economy," commented country manager of FRV Australia, Andrea Fontana.