Lightsource BP has secured financing for its first Australian utility-scale solar project. The developer has agreed on a senior debt facility with Dutch bank ING and Export Development Canada (EDC) to fund a 200 MW project, located in New South Wales. The National Australian Bank (NAB) will act as facility agent and security trustee on behalf of the two lenders.
The solar project is the largest single plant to be financed by Lightsource BP to date and one of the first to use bifacial solar panels at the utility-scale. Construction is due to start shortly and will showcase Canadian Solar bifacial panels, alongside Array Technologies single-axis solar trackers.
Most of the output is contracted by Snowy Hydro via a 15-year power purchase agreement.
With an installed capacity of 200 MW, the solar farm is expected to produce approximately 435,000 MWh of clean electricity a year, enough energy to power approximately 72,500 homes.
Country updates
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October 23, 2019
AMP Capital Infrastructure Debt Fund IV reaches final close
AMP Capital has announced a record US$6.2 billion fundraise for its fourth infrastructure debt strategy, which includes the final close of the AMP Capital Infrastructure Debt Fund IV (IDF IV), co-inve...
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October 22, 2019
Lyon Group companies in liquidation, solar-plus-storage units up for sale
Three companies within Lyon Group have been placed in liquidation, and three of their solar and storage project assets in Australia will be sold by Deloitte. The companies in liquidation are Lyon Inf...
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October 18, 2019
Delta Electricity, Enernet Global sign PPA deal for 62 MW Vales Point Solar Project in New South Wales
Distributed energy resources and investment company Enernet Global and Delta Electricity has signed a power purchase agreement for the sale of 87 GWh of energy from a 62 MW solar farm at Vales Point,...
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October 18, 2019
Infigen powered up the battery storage of 278 MW Lake Bonney wind park in Australia
Infigen Energy has energized its 25 MW/52 MWh battery storage facility near 278 MW Lake Bonney wind farm complex, which consists of three wind farms that have a combined output of 50 GWh, located...
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October 16, 2019
Queensland approves construction of 180 MW Banana Range wind farm near Gladstone
The Queensland state government has given development approval to a new 180 MW wind project near Gladstone. The AUD350 million (US$236 million) wind farm will be built by Lacour Energy. It is expecte...
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