Project contracted to supply power to NV Energy will be built and operated by an Indigenous workforce and marks the third joint solar collaboration for both firms.
ADB will support plans by Southeast Asian state to auction 350-400MW pipeline of two projects this year and next, in a bid to drive competition after a subsidy rush congested the grid.
The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
Leading PV industry association says 2GW of small-scale generation could be installed over a 12 month period as a much-needed supply source amidst national power crisis.
The project is one of five utility-scale PV plants located in Australia's most populated state being developed by a Photon Energy-Canadian Solar joint venture targeting 1.14GW.