Oakey Solar Farm, Queensland, Australia

Last Modified: Tue Aug 28 2018 11:31:32 GMT+0530 (India Standard Time)
  • 80 MW
    planned installed capacity of the Oakey Solar Farm, located in south east Queensland to the west of Toowoomba, approximately 6.5km to the west of the township of Oakey on the south side of the Warrego Highway. It will be constructed in 2 stages of 25 MW & 55 MW respectively.
  • 20.1 GWh
    of electricity will be generated per year. Stage 1 - 63,090 MWh and Stage 2 - 138,800 MWh.
  • 37,000
    approximate number of households that can be powered by the farm each year. Stage 1 - 14,000 and Stage 2 - 23,000.
  • 145 tonnes
    estimated reduction in CO2 emissions each year, once the farm is operational.
  • 60
    hectares of land will be used for the solar farm.
  • 299,460
    Canadian Solar MaxPower2 CS6U solar modules will be used. Stage 1 - 93,600 and Stage 2 - 205,860. The Project has been designed using single-axis tracking technology, the technology allows solar panels to tilt in the direction of the sun, maximising the total energy generated and the effectiveness and efficiency of each panel.
  • 3
    major organisations involved: Project Developer: Foresight Solar Fund Limited, EPC and O&M: Canadian Solar, RCR Tomlinson, Distribution: Stage 1: PPA with WLD govt., Stage 2: Merchant mode.
  • $47.5 million
    project cost. $2.2 million grant from the ARENA. $19.5 senior debt finance from CEFC. Additional debt finance from Bank of Tokyo-Mitsubishi UFJ.
  • ?
    peak jobs during construction phase.
  • ?
    FTE during operational phase.
  • Mar 2017
    Construction of Stage 1 to begin, while Stage 2 is expected to commence in Jul 2017.
  • 08 Sep 2016
    Grant from ARENA secured.
  • 02 Mar 2017
    Execution of support deed that includes the project in the State's Solar 150 program thus providing a 20 year revenue guarantee, meaning financial contracts can now be delivered and construction can begin.
  • 28 Apr 2017
    Project reaches financial close by securing $19.5 million senior debt funding from CEFC.
  • 03 May 2017
    RCR Tomlinson awarded construction contract for Stage 1. Scope of works will include the engineering, procurement and construction (EPC), commissioning and operation and maintenance (O&M) services.
  • 22 Jun 2017
    Sod turning ceremony held at site to mark the official start of construction. The ceremony was attended by Canadian Solar Project Manager Wayne Staunton with land-owner Ian Speed and Toowoomba Regional Councillor Carol Taylor and RCR Infrastructure teams and Speed family.
  • Jan 2018
    Foresight Solar Fund Limited completes acquisition of Canadian Solar's assets in Australia, including the Oakey Stage 1 & 2 projects.
  • 02 Jan 2018
    Stage 2 achieves financial closure with $55 million funding from CEFC.
  • 12 Apr 2018
    Spanish manufacturer Soltec signed up to supply its single-axis solar trackers for Stage 2.
  • 28 Aug 2018
    A generation authority application submitted to the Department of Natural Resources, Mines and Energy, Queensland.