May 22 (Renewables Now) - Australia-based Rest Energy is looking to sign an off-take deal for the output of its 120-MW Munna Creek Solar Farm (MCSF) in the state of Queensland.
The developer said in a press release on Thursday that it has invited expressions of interest from parties willing to enter a power purchase agreement (PPA).
The Munna Creek photovoltaic (PV) park will be installed between Gympie and Maryborough in Southeast Queensland, consisting of more than 500,000 solar panels covering an area of about 250 ha (618ha). The project was awarded development approval from the Fraser Coast Council at the start of 2018. An electrical connection agreement is also in place.
According to the developer's website, the implementation of the project will require around AUD 300 million (USD 197.2m/EUR 179.9m), which will be fully financed by the company. Once up and running, the power plant is expected to produce about 250,000 MWh of electricity annually, or enough to cover the consumption of 30,000 Queensland homes.
(AUD 1.0 = USD 0.657/EUR 0.560)