Gosh! Royalla 1 has a ring to it eh? Simon Corbell has unveiled the winner of the big solar power facility auction:
Mr Corbell announced the outcome of the ACT Government’s fast-track stream of the ACT large-scale solar reverse auction by confirming that Royalla 1 will become the largest solar power facility built in Australia to date.
“This is an important day for Canberra, and I am proud that the ACT Labor Government is delivering on its promise to make Canberra, Australia’s solar capital,” Mr Corbell said.
“This reverse auction process has delivered a solar facility that will produce enough renewable electricity to power approximately 4,400 Canberra homes at a cost of 25c per week per household or $13 per year.
“Importantly, we expect this already low cost to reduce further as the wholesale price of electricity rises, and for the cost per household to reduce to approximately $9.50 per year by 2020,” he said.
With a Feed-in Tariff rate of $186 per megawatt-hour (18.6c/kilowatt-hour), the successful auction proposal submitted by FRV is highly competitive and will result in the ACT hosting the largest solar farm in Australia by 2014.
The ACT Greens have welcomed today’s announcement that Fotowatio Renewable Ventures (FRV) has been chosen to build the ACT’s first large scale solar power facility. The plant will be Australia’s largest solar facility upon its completion in 2014.
“This is a great example of the progress that has been made during this term of the Assembly towards Canberra becoming more sustainable,” said Shane Rattenbury, ACT Greens Energy spokesperson.
“With an ambitious greenhouse gas reduction target of 40% reduction by 2020, a feed in tariff for large scale renewables, and energy efficiency legislation, a lot of progress has been made to position Canberra for a low carbon future.
“The reverse auction tariff price of 18.6c/kilowatt-hour also reflects just how quickly the price of solar energy is falling, and that the more we invest in renewable energy, the cheaper it becomes.