Maoneng reaches financial close on 255MW PV project

Facebook
Twitter
LinkedIn
Reddit
Email
The PV project will be the largest solar farm to begin construction in Australia this year, and will be one of the largest in the country upon completion. Image: Maoneng

Australian PV developer and renewable-energy asset owner Maoneng Australia has reached financial close on the 255MW Sunraysia Solar Farm.

The PV project will be the largest solar farm to begin construction in Australia this year, and will be one of the largest in the country upon completion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The project is supported by two Power Purchase Agreements (PPAs) under which UNSW Sydney and AGL Energy (AGL) will purchase energy over 15 years.

Decmil will provide EPC contracts for the installation, while also undertaking the project’s operations and maintenance when the solar farm is completed. Maoneng will act as both the construction manager during the construction phase and the asset manager during operations of the plant.

Kevin Chen, director of project finance and M&A of Maoneng, said: “The 15-year solar supply agreement with UNSW is the first of its kind in Australia – bringing together a retailer, developer and corporate. We are honoured to allow UNSW to achieve its goal of carbon neutrality on energy use by 2020 and look forward to our long-term partnership.”

Read Next

October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.
October 8, 2025
The NSW Independent Planning Commission has granted planning approval for Potentia Energy's 500MW Tallawang solar-plus-storage project.
Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.
October 8, 2025
University of Sydney scientists have created the largest and most efficient triple-junction perovskite-perovskite-silicon solar cell on record.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK