Oakey 2 Solar Farm commits A$55 million Project to CEFC

One of the solar power companies, Canadian Solar Inc. has declared facility commitment project of approximately US$42.8 million that has a capacity of 70 MWp party to the aggregate 117 MWp solar portfolio sale to Foresight Solar Fund limited. The project will generate approximately 138,800 MWh of clean solar power per year electrifying over 23,000 homes in Queensland.

Canadian Solar will embark on the construction of the Oakey 2 Solar Farm after having achieved the EPC contract and another contract to provide O&M services initially for a period of 2 years after completion. The Oakey 2 solar firm is slated for commercial operation in November 2018 powered by 205,860 Canadian Solar KuMax CS3U-340P solar panels.

CEFC has financed Canadian solar in all its ventures with a 20 year agreements with the government of Queensland. The grid connections will be attained in March and august 2018 for Oakey 1 Solar farm and Oakey 2 solar farms respectively. Both the Oakey 1 and Oakey 2 solar farms will be connected to the Queensland power grid through a shared transmission line,

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are pleased to partner with FSFL and the CEFC on extending our integrated business across the solar value chain in Australia’s clean energy sector.”

Image Source: Canadian Solar