The Directors of Arowana International Limited (ASX: AWN) note the press release lodged overnight by its 61% subsidiary, VivoPower, that it has been awarded a significant contract for the engineering, design, procurement and construction of the 3.6 MW Cubbie Solar Project near Dirranbandi in Queensland.
Please see the announcement as released by VivoPower below.
VivoPower International PLC
(Nasdaq: VVPR) (“VivoPower”), a global solar power company, is pleased to announce that its wholly-owned subsidiary in Australia, Aevitas Group Limited (“Aevitas”) has been awarded a significant contract for the engineering, design, procurement and construction of the 3.6 MW Cubbie Solar Project near Dirranbandi in Queensland, Australia. The project will be owned by a wholly-owned subsidiary of Cubbie Ag (“Cubbie”), the largest cotton producer in Australia, and will produce electricity to help power Cubbie Station, the largest irrigation property in the southern hemisphere.
The project will generate enough electricity to supply 40% of Cubbie’s energy needs at Cubbie Station during the peak cotton ginning season, running from April to September. The project is the first phase of a longer term plan to expand to 7.2 MW, and will also include battery storage. Construction is scheduled to begin in October 2018, with expected commercial operation by December 2018.
“We are very pleased to have achieved this significant milestone in our strategy to offer holistic solar and battery storage solutions to commercial, industrial and government customers in Australia. This important contract is further confirmation of the strong growth outlook for Aevitas from solar and other tailwind drivers in Australia,” said Carl Weatherley-White, Chief Executive Officer of VivoPower. Phil Lowbridge, General Manager of J.A. Martin Electrical Pty Limited (J.A. Martin), a division of Aevitas that will deliver the Cubbie Solar Project said, “Technical advances continue to drive the competitiveness of solar power generation and battery storage, and we have seen increased interest from our customers for similar solutions.”
VivoPower is a global solar power producer and storage company that is developing, building and operating projects on a global basis in a capital efficient manner. VivoPower does this by aggregating photovoltaic (PV) solar projects underpinned by long-term power purchase agreements, arranging corporate and project financing, engineering, design and equipment procurement and managing the construction and development of such solar PV projects.
Aevitas is a wholly-owned subsidiary of VivoPower in Australia. Aevitas provides critical energy infrastructure generation and distribution solutions including the design, supply, installation and maintenance of power and control systems, with an increasing focus on solar, renewable energy, and energy efficiency. Founded in 1968, J.A. Martin is a division of Aevitas that specializes in delivering industrial & electrical engineering and power services, including solar engineering design, procurement and construction (EPC).