The 150MW (AC) Coleambally Solar Farm under construction in southern NSW, is expected to generate enough electricity to power more than 50,000 households when complete.
The project will join Neoen Australia’s growing stable of solar generators, which also includes the Dubbo, Griffith and Parkes projects in regional NSW.
Coleambally Solar Farm is 5km north east of Coleambally and 70km south of Griffith. It will consist of about 560,000 solar panels on 550 hectares and is expected to abate around 300,000 tonnes of carbon emissions annually.
Up to 300 workers are expected to be employed during the construction phase which is expected to take around nine months.
Energy Australia is contracted to take 70 per cent of the Coleambally Solar Farm’s projected output.
The CEFC is investing $30 million in non-concessional senior debt finance as part of a debt financing facility.