Wave energy specialist and solar, battery microgrid project developer Carnegie Clean Energy (CCE) has secured a 12‐month AU$7.5 million (US$5.8 million) construction debt finance facility for its Northam Solar project in Western Australia from Perth-based private investment group Asymmetric Credit Partners.
Once the project is commissioned, Carnegie plans to refinance the debt facility with a major Australian retail bank. First draw down of the debt finance for the Northam project is scheduled for 15 December 2017.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The battery storage-ready project will include around 34,000 modules over 25 hectares of land.
This will be the first large-scale solar project to be delivered as part of the joint venture between Carnegie’s wholly-owned subsidiary Energy Made Clean and property and infrastructure company Lendlease.
