PacHydro finalises deal for 50MW solar farm


Construction of a 56 megawatt solar power plant near Moree in northern NSW is expected to begin within months after the two companies behind the project secured a deal to supply energy to the national electricity grid.

The agreement means the solar facility, being built by Australia's Pacific Hydro and Spanish group FRV, will receive tens of millions of dollars in federal funding from the Australian Renewable Energy Agency (ARENA).

US solar giant Recurrent Energy, which is proposing an 80MW solar plant on Queensland's Darling Downs, is to close its Australian office because of the lack of clear federal policy direction.

NSW is set to become the nation's biggest producer of solar energy, with funding from two federal environmental programs that Prime Minister Tony Abbott wants to axe.

The Moree Solar Farm will be the sixth large-scale project of its kind in NSW in an 18-month period, and is expected to make the state the nation's largest solar generator, providing enough power for about 15,000 homes.

Read more here: Business Spectator


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