Western Australia’s Energy Minister, Peter Collier, also attended along with a number of local landowners, community members and contractors. The launch of the solar farm follows over a year of planning, design, construction and testing.
“As the largest photovoltaic solar plant in operation in Australia, the Greenough River Solar Farm demonstrates that renewable technologies can contribute to meeting Australia’s future energy needs on a sustainable, cost-competitive basis” said Jason Waters, CEO of Verve Energy. “This is a positive first step in validating the bright future that large-scale solar represents in Australia. With this landmark project now complete, partners Verve Energy and GE Energy Financial Services are now evaluating the possibility of expanding the plant to up to 40-megawatts to satisfy growing demand for renewable energy.”
The 10-megawatt project is expected to generate enough solar energy to power 3,000 homes and displace 20,000 tonnes of greenhouse gases each year. The plant's output will be purchased by the WA Water Corporation to help offset the energy requirements of its Southern Seawater Desalination Plant.
This project marks GE Energy Financial Services’ first renewable energy investment in Australia, adding to the company’s global portfolio of more than US$8 billion committed worldwide for projects generating power from wind, solar, hydro, biomass, geothermal and other renewable sources.
“GE is one of the world’s largest renewable energy investors and the Greenough River Solar Farm is just one example of the significant projects we can help turn into reality,” said Matt O’Connor, Managing Director at GE Energy Financial Services. “We see incredible investment opportunities in Australia and look forward to expanding on this successful project and applying our expertise to help the country’s renewable energy market grow.”
In addition to supplying over 150,000 of its advanced thin film PV modules and engineering, procurement and construction services for the plant, First Solar will provide operations and maintenance services for the next 15 years.
Western Australian state-owned power utility, Verve Energy, and GE Energy Financial Services each own 50 percent of the Greenough River Solar Farm, with the WA Government having provided A$20 million in funding, including A$10 million from the WA Royalties for Regions program. No debt was raised to fund the project.
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