by John Dooley
ENERGY service provider and wholesaler, BayWa r.e Solar Projects Pty Ltd, has today unveiled its new 112MW Karadoc Solar Farm – the biggest in the State.
The site will produce enough power to supply 65,000 homes, and will complement the soon-to-be-completed 106MW facility at Yatpool.
Together the two sites will provide 20MW and 28MW respectively to power the retailer’s corporate renewable power purchase agreements (PPAs).
Today’s official opening of the Karadoc facility was attended by BayWa r.e’s customers and stakeholders Carlton and United Breweries (CUB), Beon Energy Solutions and Flow Power.
Flow Power has entered into a 10-year ‘off-take agreement’ with BayWa r.e to purchase 48MW from two of Northern Victoria’s largest solar farms. The agreement adds to Flow Power’s rapidly growing portfolio of renewable generation and brings its total announced off-take close to 300MW.
The opening follows 12 months of construction, with the plant’s 330,000 photovoltaic cells set to convert Australia’s sunlight into green power.
Through a 12-year Power Purchase Agreement (PPA), CUB will be supplied with 74,000 MWh per year.
Flow Power, which counts Olam Orchards, ANCA Machines, Australian Vintage and Pernod Ricard as clients, first introduced corporate renewable PPAs to the Australian market in 2017.
This off-take agreement will enable a greater number of local businesses to access low-cost wholesale renewable generation over a long-term period through Flow Power’s corporate renewable PPAs – a market benefitting from increasing year-on-year demand.
Managing Director of Flow Power, Matthew van der Linden, said the demand for corporate renewable PPAs is growing.
“We’re excited to welcome Karadoc and Yatpool Solar Farm to our portfolio, and are committed to this ever-growing sector of the energy market,” he said.
“This agreement with BayWa r.e. brings us one step closer to locking in more low-cost power for businesses across Australia and is a critical step forward for Australia’s energy market.
“We believe that supporting the integration of Australia’s renewable projects is key to shaping the power market for a better future.”
For BayWa r.e., the signing of the PPA agreement is a major milestone in the development of the Yatpool Solar Farm.
Parallel to its agreement with Flow Power, BayWa r.e. has signed an EPC (Energy Procurement and Construction) contract with Melbourne-based renewable energy contractor Beon Energy Solutions, which will start construction in early 2019.
Director of BayWa r.e. Solar Projects Pty Ltd, Daniel Parsons, said PPAs are fundamental to the success of solar energy projects of this scale.
“We’re very pleased to find a partner in Flow Power, who, in a restricted PPA market, will help us to bring renewable energy to businesses of all sizes across Australia,” he said.