CEFC accelerates large-scale solar construction in NSW with $150m investment
1 February 2017
Regional New South Wales will benefit from a $150 million investment from the Clean Energy Finance Corporation (CEFC), to accelerate the construction of three major solar projects with a total value of $230 million.
The three large-scale solar farms will be built in Dubbo, Parkes and Griffith in regional NSW. They are the first projects to receive debt finance under the CEFC’s large-scale solar financing program and, together, represent the CEFC’s most substantial commitment to large-scale solar to date.
Project owner and developer Neoen expects the three projects will create an estimated 250 jobs during construction in 2017 and, once operational, will produce enough renewable energy to power some 41,500 homes.
The CEFC has committed some $150 million in finance towards the $230 million total cost of the three NSW projects.
CEFC Large-Scale Solar program lead, Gloria Chan: “Our investment in these new projects at Dubbo, Parkes and Griffith will see the rapid delivery of 110MW(AC) of new solar generation capacity in New South Wales, increasing the state’s large-scale solar capacity by more than 50 per cent.”