$Multi million sale of Australia’s biggest solar power plant in Alice Springs
Australia’s biggest solar power station sold http://www.abc.net.au/rural/news/content/201210/s3604021.htm By Allyson Horn, 04/10/2012 Australia’s largest solar power plant has been sold in what’s believed to be a multi-million dollar deal.
The Uterne power plant in Alice Springs began operating last year. It was developed in partnership between internationally-based SunPower Corporation and the Northern Territory’s electricity provider, Power and Water Corporation, at a cost of $6.6 million.
It’s been sold to Australian-based alternative energy company Epuron for an unknown price. The terms of the deal are not yet known. Under a new arrangement, Power and Water will continue to buy electricity generated by the plant at an agreed rate for the next 20 years.
SunPower will continue to provide operational and maintenance services in conjunction with Ogden Power, which is based in Alice Springs. The venture was financed by the Commonwealth Bank, making it Australia’s first major bank to support a solar project of this size.
Epuron executive director Andrew Durran said the acquisition made the company one of the largest solar project owners and asset managers in Australia.
The solar station produces about 1 per cent of Alice Springs’ electricity a year and can meet 2 per cent of peak demand on a sunny day. Epuron, which was founded in 2003, has also been involved in the development of a large number of power-generating wind farms, particularly in NSW.
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