X-Elio secures financial close for its 200 MW Blue Grass solar PV project in Queensland

Renewable energy producer, X-Elio, has reached financial close for its 200 MW Blue Grass solar photovoltaic (PV) plant in Queensland, Australia ahead of full commercial operations expected in the first quarter of 2022. 

The project received backing from the Clean Energy Finance Corporation (CEFC), ING, and Sumitomo Mitsui Banking Corporation (SMBC) for a total of AUD37 million (US$26.51 million). X-Elio has signed a virtual power purchase agreement (VPPA) with software copany Salesforce.com Inc.