A disused coal-fired power station at Collinsville in Queensland is being redeveloped as a 42MW (AC) solar farm which is expected to generate enough energy to power 15,000 homes.
Project developer RATCH-Australia expects the solar farm to consist of around 180,000 solar PV panels that are ground-mounted and using a single-axis tracking system.
The CEFC has committed up to $60 million in senior debt finance to the $100 million Collinsville Solar Plant which has also been awarded $9.5 million funding from the Australian Renewable Energy Agency (ARENA). Construction is under way.
When operating the solar farm is expected to abate 90,000 tonnes of carbon emissions in its first year. Alinta has agreed to purchase up to 70 per cent of the plant's generated solar capacity
The coal-fired Collinsville Power Station, located 90km south-west of Bowen and 4km west of Collinsville, was opened in 1968 and operated, with a total output of 180 MW, until December 2012.
The new solar power project will take advantage of existing infrastructure to enable it to feed its power into the grid.
The CEFC's finance for the Collinsville Solar Plant is an example of the CEFC's focus on delivering clean energy solutions in the Great Barrier Reef Catchment Area, as part of its Reef Funding Program.