French plan Oz solar triple
Construction to start at three PV projects totalling 130MW
Fench developer Neonen has reached financial close on three solar plants totalling 130MW in the Australian state of New South Wales and will start construction in the coming weeks.
The projects, which are supported by the Australian Renewable Energy Agency (Arena), are the 66MW Parkes, 36MW Griffith and 28MW Dubbo schemes.
They will consist of more than 400,000 panels and are expected to be completed by the end of 2017, Arena said.
It is providing $16m for the projects, with $150m in debt financing coming from the Clean Energy Finance Corp (CEFC).
The Griffith and Parkes projects have power purchase agreements with Engie, while the Dubbo plant will sell electricity on a merchant basis.
Neoen Australia managing director Franck Woitiez said: “With long-term debt from the CEFC, and the support from Arena, Neoen continues to invest in the future of the Australian energy mix, and delivers on its promises of building sustainable, competitive and renewable electricity.”