FRV’s Lilyvale Solar Farm Project Secures Power Purchase Agreement with Ergon Energy

February 7, 2017

Global utility-scale solar developer, Fotowatio Renewable Ventures (FRV), has announced it has signed a Power Purchase Agreement (PPA) with Ergon Energy, the Queensland Government-owned electricity retailer, for the output from its proposed 100 MWAC (125MW DC) Lilyvale Solar Farm project.
 
The PPA, which will see Ergon Energy purchase 100 percent of the electricity and all large scale renewable energy certificates (LRECs) generated by the Lilyvale Solar Farm, will be effective once the solar facility begins operation – which is expected to be towards the end of 2018.
 
The PPA will run until the end of the Renewable Energy Target (RET) scheme in 2030.
 
The announcement is the third PPA FRV has signed in Australia within the last 12 months, following PPAs with Origin Energy for the Moree Solar Farm in NSW and the Clare Solar Farm, near Ayr in North Queensland.
 
FRV’s Australian Managing Director, Cameron Garnsworthy, said he was pleased to be working with Ergon on this significant project.
 
“Using commercially-proven, single axis tracking technology, FRV will provide Ergon with significantly greater commercial value by maximizing output from the Lilyvale Solar Farm over longer periods in the day,” he said.
 
“FRV continues to demonstrate strong performance in securing long term PPAs to underpin its landmark solar power projects in Australia,” he added.
 
The proposed Lilyvale solar farm is located 50 kilometres North East of Emerald in the Queensland Central Highlands region, known for its many coal mines and cattle farming industry.
 
The project received development approval in September 2015. FRV estimates up to 200 workers will be needed to complete Lilyvale Solar Farm’s construction and five ongoing roles will be created once the project is operational.
 

The project’s location near to major existing network infrastructure makes it ideal for connecting the solar farm to the national electricity grid and it is expected to power approximately 45,000 homes.


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Roberto de Diego Arozamena

CEO, Abdul Latif Jameel Energy and Environmental services

FRV has technological and operational independence in their execution, which allows us to always find the best solution for each particular project.

Fernando Salinas

Country Manager at Central America Region, FRV

After nine years working in FRV, I have significantly grown not only professionally but also personally. Living in four different countries and performing a wide range of activities will certainly have a positive impact in whatever activities I perform in the future.

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

Despite their size, they have been competing closely in bids with firms, which had different structures and abilities. This certainly shows their ability to be a strong market competitor. FRV has been a pioneer in market segments where no one had been before, and that has a lot of value.