Global renewable energy projects developer Fotowatio Renewable Ventures (FRV) has signed a power purchase agreement (PPA) with Australian electricity generator Snowy Hydro.
Under the terms of the agreement, FRV will deliver solar power generated from the 90MW alternating current (AC) Sebastopol solar farm.
The farm – situated in Australia’s New South Wales, 440km west of Sydney – will connect to the national grid and its energy generation will supply 44,000 Australian homes, offsetting the emission of 77,600 tonnes of CO2 per year.
This is the second PPA that was signed between FRV and Snowy Hydro. In 2018, the two companies signed an agreement for the 68.7MWac Goonumbla solar farm, which is approaching the final stages of construction.
FRV Australia managing director Carlo Frigerio said: “After the successful experience of Goonumbla, we are pleased to continue working with Snowy Hydro on a second project contributing to the ongoing diversification of the electricity generation resources in NSW and Australia.
“This project will be our seventh Australian solar farm and will consolidate our leading position in the Australian renewable energy market”.
Snowy Hydro’s CEO Paul Broad said: “Through our peaking generation assets, we have the capacity to support and firm significant amounts of intermittent wind and solar.
“Following the timely development of Goonumbla, which Snowy Hydro supported through an offtake agreement signed in 2018, we are confident of the same success with Sebastopol.”
FRV will create 150 jobs to support the project’s construction, contributing to the development of the area, as well as it will contract maintenance jobs, such as panel cleaning and road grinding.
The companies did not disclose the deal’s financial terms.