01 Mar '12, 10am

Australia Solar Flagships: Moree Solar Farm Rebids

Australia Solar Flagships: Moree Solar Farm Rebids

Theories have been flying around as to exactly what happened to Moree, but it seems to be growing increasingly clear that the major factors were BP Solar’s withdrawal from the solar PV industry (but nevertheless lingering as a partner in the Moree Solar Farm), and the difficulty of securing Power Purchase Agreements with the 3 quasi-government utilities that dominate the electricity market. The Moree Consortium was competing against projects backed by 2 of these 3 utilities, and Origin, the only utility not submitting a bid for a project had, according to Greens Senator Christine Milne, ‘torn up’ the PPA contract with Moree just before the deadline, leaving the consortium’s project with essentially no financial assurances to speak of. If they don’t have a buyer for the electricity, the project bears no promise of making money, scaring off investors and making it impossible...

Full article: http://cleantechnica.com/2012/03/01/australia-solar-flags...

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