Greek industrial and energy giant Mytilineos has secured finance for another three solar farms, two in Queensland and one in New South Wales, marking a financial close for the company’s second portfolio of projects in Australia.
The Moura and Kingaroy solar farms in Queensland and Wyalong in NSW – 110MW, 53MW and 75MW respectively – are at varying phases of development, with Moura complete and undergoing hold-point testing, construction at Kingaroy just beginning, while Wyalong is partially built.
The Wyalong project, which started construction in July 2022, will sell roughly half its output to NBN Co under a 10-year power purchase agreement. The PPA is NBN Co’s first under its promise to purchase 100% renewable energy by December 2025.
The Moura project, in Queensland’s Banana Shire, has a PPA with state-owned utility CS Energy, while Kingaroy holds a PPA with Smartest Energy, an electricity retailer owned by Japanese investment company Marubeni.
The finance for the projects, totalling $234 million, was provided by two of Australia’s Big Four banks, ANZ and Westpac.
Džumhur and Tsitsipas Advance to Second Round of Australian Open Doubles** In an intense and…
Athens will honour the late former Prime Minister Costas Simitis by naming a street after…
Recent archaeological research has revealed that terracotta figurines from the ancient city of Thonis-Heracleion were…
Greece voiced deep concern over the escalating crisis in Yemen at the UN Security Council,…
A former vegan claims she transformed her health and lost 9 kilograms by adopting a…
But the song that made me go 'Ah!' was by Karafotis and Christoforos, because it…