Large Scale Solar Industry Soars With 12 New Plants Securing Funding

Construction has already begun in 9 of the 12 ARENA funded plants

Australia’s large-scale solar industry is now showing evidence that it’s on solid ground, with 12 new power plant projects recently awarded grant funding by the Australian Renewable Energy Agency (ARENA) reaching financial close this month.

It also means that the projects are fully funded and have locked in engineering, construction and grid connection agreements, as well as council and environmental approvals.

Construction has already begun in 9 of the 12 ARENA funded plants, and the other 3 are in the works with the New South Wales White Rock solar farm and the final project to reach financial close last week.

ARENA chief executive, Ivor Frischknecht said there were at least 6 more plants being developed in Australia without grant funding. It suggests the plant program had succeeded in establishing a self-sustaining industry.

Once the 12 power plants are completed, it will provide enough electricity to power 150,000 homes and account for 10% of the new capacity needed to meet Australia’s 2020 renewable energy target.

Click here to read the full story in The Guardian

Advertising Partner Offer: Free 16-Page Guide To Solar:

Beginner's Guide to Solar
Interested in advertising on Solar Trust Centre? Enquire here.

Cheap Solar

Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

Leave a Reply

Your email address will not be published. Required fields are marked *

The Rights to Sunlight: Can You Stop Your Neighbour From Blocking Your Sunlight?

Lightweight Printed Solar Created To Provide Electricity in Times Of Disaster