Spanish renewable energy companies Acciona and Gransolar (GRS) will build as EPC contractors a 100 MW solar park in Lilyvale, 50 km north east of Emerald in the state of Queensland, Australia.
The facility will cover approximately 396 hectares and will consist of 379,260 PV modules with single axis tracking systems and 25 transformer centers.
The project is owned by Spanish solar project developer Fotowatio Renewable Ventures (FRV), which is a unit of UAE-based energy company Abdul Latif Jameel Energy.
“Lilyvale Solar Farm – along with FRV’s other large-scale solar developments installed or under construction, will contribute around 280 MWp’s of clean energy capacity and brings the total value of FRV’s solar investments in the Australian renewable energy sector to around A$ 700 million (US$ 550 million),” said Cameron Carnsworthy, the Managing Director of FRV Australia.
The two companies have planned to complete construction on the plant by the end of next year.
FVR reached financial close for the project in late September. Financing is being provided by Australia and New Zealand Banking Group (ANZ), The Bank of Tokyo-Mitsubishi UFJ, Ltd (MUFG) and the Sumitomo Mitsui Banking Corporation (SMBC).
The plant has a long-term PPA with local power retailer Ergon Energy Retail.