Solar array. Author: U.S. Department of Agriculture .
Australian gas and power retailer Kleenheat will buy the output and large scale renewable energy certificates (LRECs) from a 30-MW solar power plant to be built in Byford, a suburb of Perth.
The contract is for 10 years and has a value of about AUD 70 million (USD 51.6m/EUR 47m), the West Australian reports, citing the Wesfarmers Ltd (ASX:WES) subsidiary.
“This is a way of securing the best price for the energy at its source, strengthening our ability to compete in the market to secure and retain business customers in the contestable electricity space,” Kleenheat general manager Mark Gadsby said. He expects the solar farm to start producing power early next year.
The photovoltaic (PV) park will be built by local renewable energy company WestGen.