Neoen reaches financial close on a 460 MW solar project in Australia

By Ottobre 28, 2020 No Comments

Neoen has reached financial close on its 460 MW Western Downs Green Power Hub solar project located near Chinchilla in South West Queensland (Australia). The AUD600M (US$430m) project is supported by a 352 MW power purchase agreement (PPA) with CleanCo Queensland, which aims to reach 1 GW of new renewable power by 2025. Construction should start soon and commissioning is expected in 2022.

Solar already accounts for 20% of Australia’s installed capacity, with nearly 16 GW (end of 2019). There are currently 2 GW of solar projects under construction, while another 52 GW are under development.

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