Contract represents the largest ever solar contract for electrical works won by VivoPower
The 240MWdc solar contract for electrical works is worth A$11.7m
The Edenvale Solar Farm in Queensland, Australia will generate 425,000MWh of clean energy per year and avoid the emission of 300,000 tonnes of carbon dioxide
VivoPower International is pleased to announce that its wholly-owned subsidiary in Australia, J.A. Martin Electrical Pty Limited, has been awarded an A$11.7m contract to complete all electrical works for the 204MWdc Edenvale Solar Farm in Queensland, Australia.
Construction has already commenced with the project to be the fifth utility-scale Australian solar farm completed by VivoPower’s Aevitas business unit in Australia, bringing the completed and contracted solar farms to over 650MWdc. Once energised, the Edenvale Solar Farm will generate approximately 425,000MWh of clean energy per year and avoid the emission of 300,000 tonnes of carbon dioxide into the atmosphere, equivalent to the amount generated by approximately 83,000 internal combustion engine vehicles.
Kevin Chin, VivoPower’s Executive Chairman and Chief Executive Officer, said: “Since establishing our solar solutions business in Australia, we have seen revenue grow at a 62% compound annual growth rate (CAGR) since FY2019 (based on actual and forecast contracted revenue through to June 30, 2022). In addition, over the past quarter, we have seen a step-change increase in the pipeline of additional solar project opportunities across the Australian market, and we are very well positioned to win and deliver on further contracts.”
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