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Daydream and Hayman projects boost Collinsville solar generation

Collinsville solar
Location
Queensland
Investment
Solar
Category
Renewable energy

Projects power the sunshine state

A former coal mining hub is the Sunshine State's solar hot spot with two new large-scale solar farms near Collinsville in north Queensland. Developer Edify Energy is targeting an additional 210MW of solar energy from its Daydream and Hayman solar farms.

2m
solar panels
$90m
CEFC finance
200MW
energy

The 150 MW Daydream Solar Farm, located on a 1,070-acre site north of Collinsville, secured a power purchase agreement with Origin Energy to buy all the output and renewable energy certificates from the development.

The nearby 60W Hayman Solar Farm is generating to the grid on a merchant only basis.

RS1885 Hayman & Daydream Scr

The projects consist of about 2 million solar panels.  Together, the solar farms, are expected to abate over 476,000 tonnes of carbon emissions annually and generate enough power for an estimated 73,000 homes. 

The CEFC is lending $90 million to the Daydream and Hayman projects as part of a syndicated debt facility involving the Commonwealth Bank and French investment bank Natixis. BlackRock is providing equity towards the projects.

We are excited to have closed a second large-scale solar financing project with the CEFC and consider this transaction to be another significant step forward in mainstreaming solar power in the Australian renewable energy sector. The CEFC played an invaluable role in enabling the financing of the projects.
John Cole
Edify Energy

Queensland, Solar, Renewable energy