Chinese Australian renewable energy developer, Maoneng, has reached financial close for its 255MW Sunraysia Solar Farm in New South Wales.
“We are pleased to see the Sunraysia Solar Farm achieve this significant milestone,” AGL Executive General Manager Wholesale Markets, Richard Wrightson, said.
“Through our offtake agreement with Maoneng Australia, we are proud to support this project, and look forward to a safe and successful construction phase.”
Sunraysia has a 15 year agreement to provide power to AGL, and also has a contract with UNSW in Sydney as part of the university’s plans to be carbon neutral by 2020.
The Sunraysia project forms a key element of AGL Energy’s plan to replace the aging Liddell coal -fired generator in the Hunter Valley with a mixture of solar, wind, storage, gas and upgrades to its Bayswater plant.
Construction is expected to commence before the end of 2018.