23/01/2015 - 14:08

Solar plan for Fremantle business

23/01/2015 - 14:08

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Global business ET Solar has revealed it is in confidential talks with a Fremantle business to set up a nine-megawatt rooftop solar photovoltaic system.

Solar plan for Fremantle business

Global business ET Solar has revealed it is in confidential talks with a Fremantle business to set up a nine-megawatt rooftop solar photovoltaic system.

The China-based company last week received up to $20 million in a senior debt facility from green bank Clean Energy Finance Corporation, to accelerate the take-up of solar PV in Australia’s commercial sector.

ET Solar will provide up to $13.3 million in equity as part of the deal.

ET Solar national operations and business development manager Sam Khalil said that, in addition to negotiating with the (unnamed) Fremantle-based company he had also been approached by Goldfields Aboriginal community Morapoi Group.

The company is now planning a trip to Western Australia in February to meet with other interested stakeholders.

ET Solar has project managed or invested in solar PV projects in the Northern Territory, Queensland, New South Wales and South Australia since 2013.

Mr Khalil said ET Solar was targeting shopping centres, cold storage facilities, factories and outback communities interested in installing from 30 kilowatts up to 20MW of solar power.

As part of its agreement with the CEFC, ET Solar will provide power purchase agreements with ET Solar owning, operating and maintaining PV systems in exchange for customers buying electricity “at an agreed rate, which is lower than current electricity prices”.

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