Carnegie Clean Energy has announced plans to develop a 10MW solar power station in Northam, Western Australia.
The single axis tracking design will consist of approximately 34,000 solar panels and will produce approximately 24,000MWh of electricity per annum and deliver this clean energy into the Western Australian grid, the company said on Monday.
The project is the first large-scale solar project to be delivered as part of the joint venture between Carnegie’s wholly owned subsidiary Energy Made Clean and property and infrastructure company Lendlease.
Carnegie managing director and chief executive officer Dr Michael Ottaviano said the project would also be “battery storage ready” and is the next step in the evolution of Carnegie Clean Energy.
“The Tier 1 capabilities of the EMC Lendlease joint venture, combined with the design, development and financing capabilities of Carnegie, provide us with a clear point of difference in the rapidly emerging utility solar market in Australia.
“Carnegie is planning on replicating this approach across Australia.
“The ability to add utility scale battery storage is a new product offering we will integrate into our own solar farms and also to other developers of utility scale solar farms as the technology costs continue to decline in the coming years.”
The project is expected to commence operation by the end of 2017.
The EMC Lendlease joint venture, signed in December 2016, will deliver large-scale solar power and battery storage plants throughout Australia.
The project is expected to cost between $15 and $20 million, and Carnegie also announced this week a capital a capital raising via a Share Purchase Plan to raise up to $6 million for the project.
The SPP will allow all eligible Carnegie shareholders to purchase between $2500 and $15,000 worth of shares in Carnegie at 6.7 cents per share.
The offer opened on March 22, and will close on April 13.
Construction for the project is expected to start in mid-2017 with project commissioning expected by the end of 2017.