Finance deal for $450 million solar farm

Europe’s most experienced solar investor Octopus Investments and leading Australian renewable energy company Edify Energy have arranged more than $450 million to finance what is set to be Australia’s largest solar power station at Darlington Point, near Griffith in New South Wales.

Construction of the 333MW DC (275MW AC) Darlington Point Solar Farm will commence shortly. Once operational it will generate 685,000 MWh of renewable energy each year – enough to power around 115,000 homes. Generation is expected to start in early 2020.

The project will create nearly 400 direct onsite peak jobs and other opportunities for surrounding communities. It has a long-term power purchase agreement (PPA) with Delta Electricity for approximately 55 per cent of output.

Read more on Edify Energy’s website