Origin Purchase Moree Solar Farm Output
Source: The Age, 31 March 2016
Origin Energy has signed up for its first ever contract to purchase electricity from a large-scale solar project in a further sign that the renewable energy sector is coming back to life after being effectively stalled over the past few years.
The utility has committed to a 15-year deal to buy all the output of a $164 million solar venture built by a Spanish company near the northern NSW town of Moree. The purchase will help meet Origin's liability under the 2020 Renewable Energy Target legislation, which was revised last year.
Under the deal announced on Wednesday, Origin will buy 100 per cent of both the electricity and the Renewable Energy Certificates generated by the 56-megawatt Moree solar farm, which involves about 223,000 solar PV modules that track the sun's path to maximise power production.
The project, which recently began production, is expected to produce enough electricity to supply about 24,000 households.
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