Clenergy (Xiamen) Technology Co. Ltd (Shanghai Stock Exchange: SHA: 608628) (“Clenergy”), a leading high-tech company specialising in solar PV power stations(project business, development, investment and EPC) and ancillary solar products, today announced the signing of a Power Purchase Agreement (“PPA”) with Snowy Hydro Limited for the 143.5MW Metz Solar Farm in New South Wales.
The Metz Solar Farm will have a generation capacity of 115 MWAC(143.5 MWDC), and will use single-axis tracking, SMA inverter stations and Tier-1 Solar panels to generate enough clean, renewable energy to supply up to 40,000 Australian homes on average. That’s nearly two-thirds of the households in New England, New South Wales, where the project is located. The Metz Solar Farm received Planning Approval in July 2017, and AEMO and Transgrid grid-connection approvals were secured in July 2018. Clenergy is in the final stages of awarding EPC and O&M contracts, and it is planned for construction to commence in early 2019, with commercial operation occurring in Q1 2020.
The project will deliver significant benefits to the New England area and to the wider New South Wales community. During the construction period, it is estimated that the project may provide new jobs for over 150 workers annually.
“Securing such a prestigious offtake agreement with Snowy Hydro is an outstanding result, and we are pleased to work with Snowy in delivering sustainable clean energy for Australia”, said Daniel Hong, CEO of Clenergy. “Clenergy has a long-term commitment to the Australian market, and this will further establish our project business activities and market present in Australia and around the world”, Mr. Hong added.
Snowy Hydro’s CEO, Paul Broad, said it was great to sign a solar offtake agreement with Clenergy. “Snowy Hydro’s Renewable Energy Procurement Program was massively oversubscribed. More than 17,600 megawatts of projects were submitted through the competitive process and 888 megawatts across eight contracts were signed. “Snowy Hydro selected those projects that offered competitive pricing and had credible pathways to commissioning in the next few years and enabled Snowy Hydro to construct an optimal portfolio of renewable offtakes.