Saturday, December 15, 2012

Solar Electricity Plant Sold in NT Power Play

The Southern Hemisphere's largest tracking solar power plant at Alice Springs has been sold in a multi-million dollar deal.
The Uterne power station was developed at a cost of $6.6 million
and is the largest solar tracking facility in Australia.

The Uterne power plant began operating just over a year ago.

The one megawatt power station has more than 3,000 solar panels that move during the day to follow the path of the sun.

It was developed in partnership between internationally-based SunPower Corporation and the Northern Territory's electricity provider, Power and Water Corporation.

It cost $6.6 million to build and the Commonwealth contributed $3.3 million to the project as part of its $94 million Solar Cities program.

It has now been sold to Australian-based alternative energy company Epuron.

The terms of the deal are not yet known.

Under a new arrangement, Power and Water will continue to buy electricity generated by the plant at an agreed rate for the next 20 years.

SunPower will continue to provide operational and maintenance services in conjunction with Ogden Power, which is based in Alice Springs.

The venture was financed by the Commonwealth Bank, making it Australia's first major bank to support a solar project of this size.

Epuron executive director Andrew Durran said the acquisition made the company one of the largest solar project owners and asset mangers in Australia.

The solar station produces about 1 per cent of Alice Springs' electricity a year and can meet 2 per cent of peak demand on a sunny day.

Epuron, which was founded in 2003, has also been involved in the development of a large number of power-generating wind farms, particularly in New South Wales.


No comments: