A solar park at Merino Street in Launceston is expected to reduce carbon dioxide emissions by 600,000 kilograms per year.
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The $2 million project is the work of Nest Energy and is expected to create 15 jobs during construction.
“It’s a huge start, it’s quite a lot larger than anything else in Tassie, it’s 4000 panels,” said Nest Energy general manager Mark Barnett.
“It’s on a saw-tooth roof facing the right direction, the power that is generated will be sold to the tenants at a price which is significantly less than they are currently experiencing and any surplus will go into the grid and be on sold in that manner.”
The project is expected to have a 35-year lifespan.
“Over the life it will offset over 20,000 of CO2 which is a very signifcant number,” Mr Barnett said.
“Renewable energy is just getting going and one of the reasons that we are able to do this project, which is the beginning of a number that we have on the books, is that the price of renewable components has come down, the technology has improved and on the back of energy prices rising.”
Mr Barnett said none of the businesses in the area were investigating capital but would benefit by soon being able to predict long-term energy costs.
The annual power generation capacity of the solar park is 1.5 gigawatts.