Chinese PV module producer Risen Energy has started construction works on the 121MW Yarranlea solar farm project in Queensland, Australia.
In February this year, the Chinese firm acquired 100% stake in the project, which is located 50km southwest of Toowoomba. The project covers an area of 250ha.
Risen Energy will own and operate the completed facility, as well as the engineering, procurement and construction, delivery of modules and the follow-up adjustment and calibration upon completion of the project.
The construction works are expected to be completed by the end of March of next year.
Upon completion, the project will be connected to the grid under the management of the National Electricity Market and will provide clean electricity to Toowoomba and Darling Downs in Queensland.
In terms of energy saving and carbon reduction, the projects will reduce CO2 use by 124,000 metric tonnes, resulting in significant benefits for both environmental protection and economic development.
Risen Energy Australia project development and investment director John Zhong said: “The project has also received regulatory approval for the development of integrated energy storage. We have set up specific zones for energy storage onsite.
“The competence in energy storage means spare electricity in the daytime could be stored and used during peak periods and at night, further enhancing profitability and reducing power generation costs of the Yarranlea station.
“In addition to Queensland, we are targeting other states across Australia, most notably Victoria, New South Wales and Western Australia.”
The company further plans to expand in Australia over the next five years, with a capacity goal of 1GW.