First Solar to provide 159 MW in solar power projects for AGL Energy

AGL was selected as the successful proponent in the solar PV category of the program and will receive federal and state government funding to help deliver on its commitment to greater investment in renewable electricity generation

Jun 11th, 2012

Tempe, Ariz., June 11, 2012 — First Solar will design, construct and maintain two utility-scale solar photovoltaic power projects totaling 159 MW for AGL Energy Limited as part of Australia's Solar Flagships Program.

AGL was selected as the successful proponent in the solar PV category of the program and will receive federal and state government funding to help deliver on its commitment to greater investment in renewable electricity generation.

The Australian Government's Solar Flagships Program is one of a number of programs and market mechanisms providing unprecedented support for the development of a broad range and scale of solar energy projects and technologies in Australia. The Solar Flagships Program is offering funding to support the construction and demonstration of large-scale, grid connected solar (PV and thermal) power stations in Australia.

Under the program, AGL will develop a 106 MWAC project in Nyngan and a 53 MWAC project in Broken Hill, both in New South Wales. First Solar will design and construct the integrated PV power plants, using its leading engineering, procurement and construction services and its advanced thin-film PV modules for both projects.

First Solar will also maintain both projects for AGL Energy for their first five years of commercial operation. The electricity produced by the projects will be sold under power purchase agreements to AGL Hydro Partnership, a unit of AGL.

The projects will be supported with funding provided by the federal government and the state government of New South Wales under separate funding agreements.

On an annual basis, the projects will produce enough electricity to meet the needs of at least 30,000 Australian homes. The projects are expected to provide about 350 GWh of energy annually.

The projects are expected to create about 450 jobs at peak construction. Construction is expected to begin on both projects in 2014, with commercial operation in 2015. AGL will be the majority owner of the project vehicle.

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