Moree Solar Farm gets govt backing
Source: Climate Spectator, 5 August 2013
The proponents of the Moree Solar Farm have secured a key financing arrangement with the federal government’s Clean Energy Finance Corporation (CEFC).
Developers Pacific Hydro and Fotowatio Renewable Ventures (FRV) will receive $60 million of senior debt finance to help with the build cost of the 56 megawatt solar photovoltaic (PV) facility.
CEFC chief executive Oliver Yates said that CEFC participation would provide a precedent in the Australian market for financing large scale solar PV on a merchant basis.