MONDAY 27 FEBRUARY, 2012 |
BP Bails On Moree Solar Farm
BP's involvement with solar power continues to crumble. The company has
reportedly exited the Moree Solar Farm consortium; but another major player is
ready to take its place.
A few months ago we reported BP Solar was winding down its PV interests.
At that point, BP’s joint solar venture in India with Tata Power Co. was said
to be conducting "business as usual", however BP was soon
out of the picture
At that stage, it was understood BP would stick with the Moree Solar Farm
project; a $923 million large-scale solar PV facility - part of Australia's
Solar Flagships initiative.
However, with the consortium behind the project unable to meet all of their
funding conditions and proposing substantial changes, the Australian Government decided
to re-open bidding
. The Moree Solar Farm consortium - which consisted of BP
Solar, Fotowatio Renewable Ventures and Pacific Hydro - will now need to
resubmit a proposal.
But it seems BP is taking its bat and ball and going home. According to a
, a Melbourne based spokesman for BP said the company has
indicated it wishes to leave the consortium and won't be party to the new
All is not lost for the consortium though - it appears Spain-based renewable
energy company Acciona SA will
step up to the plate
, provide engineering and construction services.
Acciona previously had its finger in the Solar Flagships pie, but pulled
out in 2010
; stating factors including uncertainty in Australian energy markets and the absence of an offtake contract.
Acciona is no stranger to the Australian renewable energy sector; but its
interests have been mainly confined to wind farms. Its Mt
Gellibrand Wind Farm
project, to be constructed near Colac in south west
Victoria, recently received final approval from the Victorian government. The
company also operates the Waubra
in Victoria, the Gunning
in New South Wales and is a partner in the Cathedral Rocks Wind
Farm in South Australia.
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