Origin Energy is continuing its shift toward renewables by agreeing to buy the entire output of what should become Australia's most productive solar farm.
Origin says it has agreed to purchase the output from the proposed 300-hectare Clare Solar Farm in northern Queensland, which is expected to start operation in 2017.
The farm is owned by Spain's Fotowatio Renewable Ventures, which also owns the new Moree Solar Farm in northern NSW. Origin in March committed to purchasing its output.
"The cost of solar is falling rapidly compared to other renewable resources ... Now is the ideal time to invest in solar and we have been actively looking for opportunities to diversify and add more renewable energy to our portfolio," Origin Energy Markets chief executive Frank Calabria said in a statement.
