2017 will represent a “transformational” year for solar farm development in Australia, with over 20 projects likely to reach financial close. While the 12 ARENA supported projects are likely to be the first to lock in funding, an additional pipeline of projects is set to attract overseas and domestic investors.
The capital intensity per watt of the utility scale solar plants in the current development pipeline in Australia is about half that of those that are already operational.
AGL Energy is set to begin construction on its 200MW Silverton wind farm in western New South Wales after agreement was reached on the terms of the project’s sale to the Powering Australian Renewables Fund, the first greenfield project of its kind to be acquired by the joint venture fund.
China’s largest photovoltaic (PV) power station built on a fish farm officially began operation on Jan. 11, People.cn reported. Located in Cixi, Zhejiang province, the project cost 1.8 million RMB ($259,927) and covers an area of 300 hectares, with a total installed capacity of 200MW. Its average annual production capacity is expected to reach 220 million kilowatt-hours.