Vales Point Solar Energy Project greenlit.

The $117m, 55MW Vales Point Solar Energy Project was greenlit by the Department of Planning today.

Vales Point Solar Energy Project

Vales Point Solar Energy Project Location
Vales Point Solar Energy Project Location

The project is going to be built by Delta (who were bidding for the Liddell power station earlier this year) and will co-exist with the coal-fired power station at Vales Point power station. Work is slated to commence early in 2019 and the solar farm will be built over 80 hectares of a rehabilitated ash dam. 

Delta Electricity Company Secretary Steve Gurney discussed the impact on the national grid:

“Delta recognises that both dispatchable power and low emission technologies have a role to play in supporting an affordable, reliable and sustainable national electricity grid” Mr Gurney said.

The Vales Point solar projet is expected to create over 100 solar jobs over the 18 months it’ll take to complete and will run for a 25 year lifespan. This will also extend the lifespan of the adjacent Vales Point power station which will now operate past its technical closure date of 2029.

Clay Preshaw, the director of Resource and Energy Assessment as the NSW Department of Planning and Environment, spoke about the farm’s potential impact on Australia’s solar future:

“This innovative project is one of the first in Australia where large-scale renewable and coal-fired energy facilities sit side by side,” Mr Preshaw said.

Vales Point Solar Energy Project Submissions

According to The Herald, the project was on public exhibition for a couple of months and 14 submissions were received. One of those was from the Lake Macquarie City Council, who support the project going ahead, but raised a concern about the impact the project may have on coastal saltmarsh:

“With the exception of the coastal saltmarsh issue, it appears that the ‘baseline’ for impact assessment is reasonable, predictions of impact are robust with suitable sensitivity testing, the assessment considers how to avoid and minimise impacts, and the proposal includes all reasonably feasible mitigation options,” the submission said.

Other than that it looks like everyone’s happy – it’ll be interesting to see how this works in unison with the coal-fired power plant and which one is more profitable!

 

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Metz Solar Farm sold to Clenergy

New South Wales based 120MW PV solar farm Metz Solar Farm, previously owned by a consortium of buyers, has been sold by Pinsent Masons to Clenergy, a major renewable company from China.

Metz Solar Farm

Metz Solar Farm
Metz Solar Farm (source: metzsolarfarm.com.au)

The consortium, which included Infinergey and other unnamed investors (we wrote about the Metz farm in August last year), used Pinsent Masons to advise all aspects of the sale, which was the group’s first major project in Australia. Financial specifics are confidential – we reported last year the farm was bought for around $130m so it’d be interesting to see what it was worth to a buyer right now – unfortunately we’ll probably never know. Keep in mind it hasn’t even started construction yet – that will be around Spring of this year – the solar farm is expected to reach completion early 2019. 

The Armidale-based farm was 100MW when we looked at it last year, but with the application of Clenergy’s push-pull centralized single-axis tracking architecture, it’s now able to generate 120MW. 

Infinergy, who are more known for wind power according to PV Magazine, have put themselves “on the map” with this project – they are now looking to get development and grid connection approvals for 300MW by the end of the year, with a focus on utility scale solar in NSW and Victoria. 

Pinsent Masons partner Ewan Robertson, who, along with associate Lucy Carter, advised on the sale of the project, was bullish about the state of large-scale renewables in Australia: 

“The sale of the Metz solar farm is significant as it not only marks the sellers’ first project sale in the Australian market, it also represents the buyers’ first acquisition in Australia. Further, the speed at which the sale was initiated and completed is a ringing endorsement of the current appetite for renewable energy in Australia,” Robertson said.

“We are delighted to have achieved the successful development and the subsequent sale of Metz Solar Farm, all within a timeframe of 18 months,” said Infinergy CEO Esbjorn Wilmar in a statement.

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