ANNOUNCED AS TEMPORARYNo
On 1 May 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 31.5 million (circa USD 24 million) to Canadian Solar to help develop two solar farm projects in Queensland.
The objective of the debt funding is to speed up the construction of the solar farms in Oakey and Longreach which have a total estimated cost of AUD 76.2 million (USD 57 million).
The two solar farms are expected to produce 40 MW of power when finalized.
The projects will receive support from local engineering company O'Donnell Griffin Pty Ltd.
In addition to the resources provided by the CEFC, Canadian Solar also receive an AUD 3.5 million (USD 2.6 million) grant provided by the Australian Renewable Energy Agency (ARENA).
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