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Equis enters Australian solar market

Asia’s major independent renewable energy developer and investor, Equis, has announced the development, construction and operation of two solar power projects in South Australia and Queensland, Australia with a total generation capacity of 200MW.

The projects will involve a capital investment of approximately A$400m and the company has secured land rights which could see an additional 1,000MWAC of large scale solar projects to be constructed over the near term.
Solar panels
The Singapore-headquartered company has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100 MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station.

Construction of the Tailem Bend Solar Project is expected to commence in early 2017 and according to Energy Business Review will be one of the lowest cost solar projects in Australia.

Equis Group CEO David Russell commented, “By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. In addition, the Tailem Bend Solar Project has been developed to facilitate large scale “battery storage” further enhancing the “base load” like nature of the projects.”

Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100 MW solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation

Construction of the Collinsville North Solar Project is expected to commence in 2017.

Both solar projects together will supply the annual power needs of 63,165 homes and save 397,400 tonnes of greenhouse gas emissions each year.