CEFC invests in 200 MW PV plant in Australia
Post date: 11/06/2019 - 21:10
The Australian Clean Energy Finance Corporation (CEFC) has announced its third equity investment in a large-scale renewable energy development, with a AUD 51 million (USD 35.5 million) stake in Victoria’s 200 MW ac / 256.5 MW dc »Kiamal Solar Farm«. The investment extends the CEFC’s push into equity following earlier investments in Queensland’s »Ross River Solar Farm« and Tasmania’s »Granville Harbour Wind Farm«.
As reported, French Independent Power Producer (IPP) Total Eren SA recently announced the financial close for its »Kiamal« solar farm with the support of a group of Australian and European financial institutions. The project is expected to reach commercial operations later in 2019.
In parallel, Total Eren is seeking to expand the »Kiamal« solar farm with a second stage of up to 213.5 MW of solar PV panels, as well as exploring commercial options for the approved 270 MW / 1,080 MWh energy storage system.
Total Eren is also working with TransGrid to deliver a new 220 kV Kiamal Terminal Station and Collector Substation, with the two 180 MVA transformers designed and manufactured locally by Wilsons Transformers in Victoria. According to the company, CEFC has invested more than AUD 1 billion to accelerate the development of more than 1.4 GW of large-scale solar energy Australia-wide.