ANNOUNCED AS TEMPORARYNo
On 1 February 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 150 million (circa USD 113.5 million) to NEOEN to help develop three solar farm projects in New South Wales.
The objective of the debt funding is to speed up the construction of the solar farms in Parkes, Griffith, and Dubbo which have a total estimated cost of AUD 230 million (circa USD 174 million).
The three solar farms are expected to produce 100 MW of power when finalized.
The EPC construction of the three sites is Bouygues Construction.
Clean Energy Finance Corporation
A government founded financier created to fund clean energies which count with AUD 1 billion to invest until 2023.
The statutory text, the Clean Energy Finance Act 2012, states that only solely or mainly Australian-based investments are eligible for these resources.
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