First Solar Selected for 63MW Kidston Solar Project in Australia
February 13 2017 - 5:35PM
Business Wire
First Solar, Inc. (Nasdaq: FSLR) today welcomes the news that
Genex Power Limited (ASX: GNX, Genex Power) has achieved financial
close for the Kidston Phase One Solar Project in Queensland,
Australia. First Solar will supply 63 megawatts (MW)dc of advanced
thin-film photovoltaic (PV) modules to the project which will
produce approximately 145,000 megawatt-hours of electricity in its
first year of operation. The project is located next to the
proposed Kidston Pumped Storage Project and in an industry first,
Genex Power will seek to integrate solar generation with a pumped
hydroelectricity energy storage system.
“As Australia continues to diversify its renewable energy
portfolio, this project is an excellent example of the potential of
large-scale solar application and industry best practice,” said
Ewan Norton-Smith, First Solar’s Senior Manager for Business
Development in Australia. “The combination of solar energy with
pumped-storage hydroelectricity will allow for increasing
penetration of renewable energy into the grid and will contribute
to the stability of supply in the National Electricity Market.
Genex Power is at the forefront of this emerging industry, and with
several compelling Australian projects on the horizon, we’re proud
to be supporting phase one of the project.”
Situated 270 kilometers north-west of Townsville in far
north Queensland, the first phase of the project will use more than
540,000 First Solar thin-film PV modules. First Solar technology
has a higher energy yield in hot and humid climates due to its
lower temperature coefficient and over the course of a plant’s
operational life will translate to substantial gains in power
output. First Solar modules have been used in more large-scale
projects in Australia than any other PV manufacturer, and this
project further cements First Solar’s position as the country’s
leading PV technology supplier to the large-scale solar sector.
“Genex Power is pleased to confirm the appointment of First
Solar as its PV module supplier for the Kidston Solar Project.
First Solar has an excellent track record of delivering large-scale
solar projects in Australia with their world-leading thin-film PV
technology, and the company is a welcome addition to the strong
delivery team Genex Power has assembled for this exciting project,”
said Michael Addison, Genex Power’s Managing Director. “The
combination of First Solar’s thin-film modules, single-axis
tracking technology and the excellent local solar resource in
Queensland will give our project the highest chance of achieving a
record solar capacity factor in Australia.”
The electricity from the Kidston Phase One Solar Project will be
sold via a Power Purchase Agreement supported by the Queensland
Government. The project is also supported by $8.9
million of Commonwealth Government funding through
the Australian Renewable Energy Agency.
Construction of the project will be managed by UGL Engineering
Pty Ltd. and is on schedule to commence in the first half of
2017.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced module and
system technology. The company’s integrated power plant solutions
deliver an economically attractive alternative to fossil-fuel
electricity generation today. From raw material sourcing through
end-of-life module recycling, First Solar’s renewable energy
systems protect and enhance the environment. For more information
about First Solar, please visit www.firstsolar.com.
For First Solar Investors
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version on businesswire.com: http://www.businesswire.com/news/home/20170213006206/en/
First Solar MediaJennifer
Abbott+61-2-9002-7736jennifer.abbott@firstsolar.comorFirst Solar
InvestorsStephen Haymore+1
602-414-9315stephen.haymore@firstsolar.com
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