Moree Solar farm powers on
7 February 2012
Pacific Hydro, a member of the Moree Solar Farm Consortium has expressed disappointment at today’s announcement by the Federal Government that requires it to effectively re-engage in a new competitive tender process.
“We are disappointed that given the amount of time and resources already invested, the advanced state of the project and the broad commitment from all parties that we are confronted with another obstacle” said consortium spokesperson Lane Crockett of Pacific Hydro.
The Solar Flagships program was specifically designed to bring large scale solar to market and therefore demonstrate commercial viability. The Moree Solar Farm consortium has provided a project that meets the large solar criteria set by the Federal Government while gaining significant learned experience that can be applied to future projects.
“In working to deliver the Federal Government the type of project they were looking for we have overcome substantial challenges on the Moree project over the past few months which will prove to be of great benefit to the entire solar industry in years to come.”
“We are at an advanced stage in the project development and we remain confident that if granted a little more time financial close will be achieved.”
Commercially attractive arrangements for solar panel supply, construction and grid connection for the project are at an advanced stage while a core group of lenders remain committed to the project’s development.
As has been made clear to all stakeholders the remaining element is securing the Power Purchase Agreement (PPA) which has been an issue for all independent project developers over the last couple of years.
“Despite this situation, recent discussions with other retail parties hold very strong prospect for completion of a PPA.”
“Further delays are frustrating not only for the consortium partners and the material suppliers and contractors to the project but for the Moree community who strongly support this project.”
The Moree Solar Farm project will provide hundreds of jobs in the Moree region over the coming years and will be an important contributor to the local economy.
We are committed to working with the Federal Government to bring about this project and remain confident that it still represents the best opportunity to demonstrate the commercial and technical viability of utility scale solar photovoltaic.