Tailem Bend solar farm reaches financial close.

The 127MW Tailem Bend solar project will begin construction later this month. A financial close has been achieved by Singapore energy company Equis Energy and a 22 year purchase power agreement (PPA) has already been signed with Snowy Hydro. There are now plans in the pipeline to create Tailem Bend 2.

Tailem Bend Solar Project

Tailem Bend Solar Farm
Tailem Bend Solar Farm (source: http://equisenergy.com/newsroom/)

The $200m project is 100km south-east of Adelaide and will begin construction in February, according to Equis.

The Australian Financial Review noted that there were initial plans for a 28.8MW diesel generator to support the solar farm, but these were scuppered by the Australian Energy Market Operator who placed “unreasonable technical demands” on the project.  

Equis, who are also planning on building a 1000MW project in Queensland’s part of the Surat Basin (the Wandoan solar farm), said they have a huge amount of projects in the pipeline:

“Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months,” director David Russell said in the press release. 

“As Asia’s largest renewable energy developer, Equis is able to leverage its economies of scale to deliver large scale, low-cost, reliable renewable energy, which Australia needs, as well as providing employment opportunities and supporting economic growth in local communities.” Mr Russell continued. 

According to Deal Street Asia, the project is expected to start generating power and feeding it to the grid in the first quarter of next year. 

The Tailem Bend solar projects will generate around 413,000MWh/year, which is equivalent to 82,600 homes and will save over 200,000 tonnes of CO2 annually compared to the same generation from South Australia’s current non-renewable power plants. 

Equis Energy are also building a  250MW DC solar photovoltaic power plant with energy storage installed in NSW’s Sunraysia region (the Sunraysia solar farm)

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