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Saudi Arabia’s renewable energy firm Abdul Latif Jameel Energy – through the global developer of renewable utility-scale projects Fotowatio Renewable Ventures (FRV) – has announced a power purchase agreement (PPA) with Snowy Hydro, one of Australia’s major electricity generation and retailing companies.
The agreement will permit FRV to deliver solar power generated from the 90MWac Sebastopol Solar Farm in Australia’s New South Wales through the national grid.
The plant will generate enough energy to power to more than 40,000 Australian households and avoid the emission of approximately 77,600 tons of CO2 annually, which is equivalent to taking approximately 27,700 cars off the road each year.Sebastopol Solar Farm’s construction and operation will contribute to the economic development of the area, with FRV projecting the creation of up to 150 jobs during the construction phase of the plant, and 2-3 operational staff for the entire life of the project.
Maintenance contracts for jobs such as panel cleaning, fence repair, and road grading, will also be required and will likely be met by local contractors and subcontractors.
In addition, the project is expected to have a direct benefit on business volumes for local services, materials, and contracting such as accommodation, food, and other retail businesses in the area.
This is the second PPA inked between FRV and Snowy Hydro, following the successful bid for the 68.7 MWac Goonumbla Solar Farm as part of the Snowy Hydro Renewable Energy Procurement Program in 2018, which is currently in the final stages of construction.
Commenting on the deal, the deputy president and vice chairman of Abdul Latif Jameel, Fady Jameel, said: “This announcement marks a new milestone for FRV in Australia. The devastating Australian bushfires have started 2020 off with a stark reminder of the reality of global warming, and the urgent need to address climate change.”“Together with our partners, FRV and Snowy Hydro, Abdul Latif Jameel is committed to playing an active role in developing clean energy solutions and ultimately contributing to create a more sustainable future for the world.”