January 15 (Renewables Now) - The University of New South Wales (UNSW) will become fully solar-powered thanks to a deal to buy a portion of the output of a 250-MW solar park by Australian-Chinese group Maoneng.
The Sydney-based university has agreed to buy up to 124,000 MWh of electricity annually from the Sunraysia photovoltaic (PV) project under a “tripartite” agreement with developer Maoneng Australia and utility Origin Energy (ASX:ORG). The energy retailer has been contracted to manage the intermittency of solar generation as part of a three-year retail firming deal, while the term of the corporate power purchase agreement (PPA) with Maoneng is 15 years.
The Sunraysia solar park will be built near Balranald in one of the sunniest parts of the state of New South Wales, with construction starting later this year. It is expected to commence electricity generation in the second quarter of 2019.
Maoneng previously said the park would be producing 530 GWh of power per year.
The deal is in line with UNSW’s goal of achieving carbon neutrality on energy use by 2020, the university said.