Moree Solar Farm Information

On Friday 24 February 2012 the Moree Solar Farm (MSF) consortium provided the Federal Government with a revised bid for Solar Flagships funding that fully addresses issues previously raised by the Commonwealth. "We believe this bid to be extremely competitive" said Lane Crockett, General Manager Pacific Hydro Australia and spokesperson for the consortium. The revised bid confirmed that BP Solar were no longer part of the Moree Solar Farm and that the remaining partners of Fotowatio Renewable Ventures (FRV) and Pacific Hydro would take up the minority equity stake previously held by BP. "We are pleased to confirm today that the MSF consortium has entered into an EPC agreement with major international infrastructure provider, Acciona." Acciona will provide end to end Engineering, Procurement and Construction (EPC) services on the MSF project including the provision of high quality solar PV panels. "The MSF consortium is delighted that we have been able to secure a lead contractor of such experience and quality and we are looking forward to the MSF project being delivered on time and to budget." One of the key reasons for the previous delay to achieving financial close on the MSF project was the absence of an executed Power Purchase Agreement (PPA). The MSF consortium is pleased to announce it will enter into a PPA with Pacific Hydro who is in the process of obtaining a retail energy license. The Australian retail energy market is dominated by a few very large vertically integrated entities, who are not only our potential customers but also competing for funding under the solar flagships program.