Australian power firm AGL Energy (AGL) has sold its 102MW Nyngan and 53MW Broken Hill solar plants to the Powering Australian Renewables Fund (PARF) for AU$257 million (US$194 million).
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.