- Press Releases
March 18 (Renewables Now) - Fotowatio Renewable Ventures (FRV) has signed an off-take deal for the output of its newly-acquired 90-MW Sebastopol Solar Farm in Australia’s New South Wales state.
The company, part of Saudi Arabia’s Abdul Latif Jameel Energy, said on Wednesday it has sealed a power purchase agreement (PPA) with Australian power producer and retailer Snowy Hydro Ltd. The deal covers the entire generation of the Sebastopol photovoltaic (PV) plant.
FRV earlier this week acquired the Sebastopol Solar Farm from German solar developer and contactor Ib vogt GmbH. Being in the final development stages, the project is fully permitted and has secured all land rights and grid “committed” status with the Australian Energy Market Operator (AEMO).
The solar farm will be located near the town of Temora, Riverina region, connecting into an existing 132-kV powerline. Its website says the power plant will be installed on rural land that is currently used for stock grazing and will be subsequently coupled with a battery storage system. Once up and running, it will be able to produce enough electricity for over 40,000 local homes and offset 77,600 tonnes of carbon dioxide (CO2) emissions annually.
The construction of the solar park will open up to 150 jobs, FRV estimates.