French developer Neoen has reached financial close on the 128MW Numurkah solar farm taking the firm’s Australian portfolio beyond 1GW.
Work will begin on the site in Victoria next week meaning the firm will own and operate, or actively be constructing more than 1GW of solar power in the country.
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Numarkah has a 15-year power purchase agreement with SIMEC ZEN Energy and a 38MW Green Certificate Purchase agreement with the regional Victorian Government.
“Numurkah is an important project for Neoen, firstly because it marks the achievement of our first Gigawatt of projects in Australia, either under construction or in operation,” said Franck Woitiez, MD of Neoen Australia.
“Secondly, because the Victorian Government and Zen energy are long-term partners for Neoen and this project proves that collectively, we are moving towards our aim of delivering sustainable, reliable and competitive energy to all Australians,” he added.
The finance totals A$198 million provided by Neoen, Australia’s Clean Energy Finance Corporation (CEFC) and clients managed by Vantage Infrastructure, as well as German Landesbank NORD/LB.
Commercial operation is expected in May 2019.