Steel manufacturing benefits from Numurkah Solar Farm cost-effective energy
Solar powered manufacturing
The Numurkah Solar Farm, in Victoria’s Goulburn Valley region, is demonstrating how solar energy can deliver a cost-effective solution for energy-intensive manufacturers.
The Victorian Government and ZEN Energy are long-term partners for Neoen and this project proves that collectively, we are moving towards our aim of delivering sustainable, reliable and competitive energy to all Australians.Franck WoitiezManaging Director, Neoen Australia
Neoen developed the $198 million 350,000 panel solar farm on 500 hectares. The solar farm has been operating since 2019. The CEFC committed $60 million in debt finance to the project. The debt finance syndicate for the Numurkah project also included clients managed by Vantage Infrastructure, an independent specialist investment manager, as well as German Landesbank NORD/LB.
Neoen has secured major power supply contracts that will serve both the Laverton steelworks in Melbourne’s west and the Melbourne tram network. Neoen has contracted 60 per cent of the farm’s projected bundled output to renewable energy retailer SIMEC ZEN Energy, a majority-owned subsidiary of the GFG Alliance which operates the Laverton steelworks. SIMEC ZEN Energy will use the energy to support firm retail supply contracts to commercial and industrial customers in Victoria, including the Laverton steelworks.
The Victorian Government has contracted a further 30 per cent of Numurkah’s large-scale generation certificates to support its goal of covering the electricity load of Melbourne’s tram network with solar power. The 100MW (AC) (128 MWp) solar farm in Victoria’s Goulburn Valley region supplies approximately 255,000 MWh of electricity into the national power grid each year. That’s enough solar to power about 42,000 homes.