Infigen Energy Proposes Solar Project for Nyngan, New South Wales

Infigen Energy is in the process of formulating its first commercial sized solar farm in Nyngan, New South Wales, Australia. The company that currently operates wind farms in Germany, the USA and Australia is planning to develop the solar project in collaboration with Suntech Power Holdings, a China-based company.

The project valued over $300 million will incorporate the photovoltaic expertise developed in NSW and spread over 200 hectares of land. The proposed solar farm will have a power generation capability of 100 MW and the produced power will be directly linked to the grid. The power generated from the facility can supply electricity to 20,000 houses in the locality, which can be equated to removing of 30,000 cars off the road every year. The project is a part of the company’s initiative to generate and supply 150 MW of clean solar power in NSW.

The solar project developed under the Solar Flagships Program of the government awaits approval of the federal government. The Solar Flagships Program is expected to cover nearly 33% of the project costs and the company is planning to meet the balance of capital requirement by utilizing a mix of finance and cash reserves and by requesting counter party power purchase agreements to cover the project costs.

Source: http://infigenenergy.com/