Press Release Details
Clenergy Signed PPA with Snowy Hydro Dated 02.11.2018
Wednesday November 7, 2018 at 4:53 pm
143.5MW Metz solar farm secures PPA with Snowy Hydro
Clenergy (Xiamen) Technology Co. Ltd (Shanghai Stock Exchange: SHA: 608628) (“Clenergy”), a leading high-tech company specialising in solar PV power stations(project business, development, investment and EPC) and ancillary solar products, today announced the signing of a Power Purchase Agreement (“PPA”) with Snowy Hydro Limited for the 143.5MW Metz Solar Farm in New South Wales.
The Metz Solar Farm will have a generation capacity of 115 MWAC(143.5 MWDC), and will use single-axis tracking, SMA inverter stations and Tier-1 Solar panels to generate enough clean, renewable energy to supply up to 40,000 Australian homes on average. That’s nearly two-thirds of the households in New England, New South Wales, where the project is located. The Metz Solar Farm received Planning Approval in July 2017, and AEMO and Transgrid grid-connection approvals were secured in July 2018. Clenergy is in the final stages of awarding EPC and O&M contracts, and it is planned for construction to commence in early 2019, with commercial operation occurring in Q1 2020.
The project will deliver significant benefits to the New England area and to the wider New South Wales community. During the construction period, it is estimated that the project may provide new jobs for over 150 workers annually.
“Securing such a prestigious offtake agreement with Snowy Hydro is an outstanding result, and we are pleased to work with Snowy in delivering sustainable clean energy for Australia”, said Daniel Hong, CEO of Clenergy. “Clenergy has a long-term commitment to the Australian market, and this will further establish our project business activities and market present in Australia and around the world”, Mr. Hong added.
Snowy Hydro’s CEO, Paul Broad, said it was great to sign a solar offtake agreement with Clenergy. “Snowy Hydro’s Renewable Energy Procurement Program was massively oversubscribed. More than 17,600 megawatts of projects were submitted through the competitive process and 888 megawatts across eight contracts were signed. “Snowy Hydro selected those projects that offered competitive pricing and had credible pathways to commissioning in the next few years and enabled Snowy Hydro to construct an optimal portfolio of renewable offtakes.
Clenergy (www.clenergy.com) was founded in 2007 as a Sino-Australian joint venture. Headquartered in Xiamen, China, Clenergy has two factories in Xiamen and Tianjin. Clenergy has grown to become a passionate, internationally recognised renewable energy company, with six main offices in Australia, China, Germany, Japan, Philippines and Thailand. Since its inception, Clenergy has self-developed and invested in over 600+ MW of solar projects.
About Snowy Hydro
Snowy Hydro Limited (www.snowyhydro.com.au) is the fourth largest energy gen-tailer in Australia and has been investing in growing its customer base, modernising its generating infrastructure, building and acquiring more generating capacity. Snowy Hydro operates and maintains the 4100MW Snowy Mountains Scheme, the 300MW Valley Power gas-fired power station and the 320MW Laverton North gas-fired power station and the 667MW gas-fired generator at Colongra, New South Wales. Snowy Hydro also owns and operates a diesel-fired peaking plant in South Australia.