Three big solar projects supported by the Australian Renewable Energy Agency (ARENA) are set to begin construction within weeks after finally securing financial backing.
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The three plants in New South Wales will provide enough renewable energy to power 41,500 homes per year.
Developed by the renewable energy company, Neoen, the plants in Parkes, Griffith, and Dubbo will consist of more than 400,000 solar panels, making up a quarter of the projects funded by ARENA.
The cost of renewable energy is going down all the time, the capacity per watt of plants today is one-third cheaper than those built in 2014. The three projects will collectively receive $16 million in funding through ARENA and $150 million in debt financing from the Clean Energy Finance Corporation (CEFC).
ARENA CEO Ivor Frischknecht said that by supporting innovators and world class, cutting edge projects, they are accelerating the shift to an affordable and secure renewable energy future for Australia.
The Neoen plants will boost the regional economy and are expected to create 250 new construction jobs anticipated to be completed by the end of 2017.
- Parkes Solar Farm is expected to power 20,500 homes
- Griffith Solar Farm is expected to power 11,500 homes
- Dubbo Solar Farm is expected to power 9,500 homes
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ARENA was established by the Australian Government and has committed AUD $1.1 billion of funding to more than 270 projects. The organisation is committed to ensuring renewable energy technologies are more affordable and its core mission is to increase the supply of renewable energy in Australia. Find out more about Arena's solar program in Queensland.
Neoen entered the renewable energy sector in 2008. Its ambition is to become a global leader and producer of electricity from renewable energy sources including: solar, wind and biomass.
Neoen develop, finances, builds and operates plants in France, Portugal, Australia, Mexico, Egypt, Mozambique, Jamaica, Zambia, Jordan and El Salvador.
The company owns and operates the South Australian Hornsdale Wind Farm (309MW) and the Western Australian DeGrussa Solar and Storage plant (10.6MW).
The CEFC invest in projects in the commercial clean energy sector. The mission of the company is to accelerate Australia’s transformation towards a more competitive economy in a carbon constrained world. They do this through an investment strategy focused on cleaner power solutions, including large and small-scale solar, wind and bioenergy.
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ARENA. (2017). Retrieved 1 February 2017 from
Neoen. (2017). Retrieved 1 February 2017 from
CEFC. (2017). Retrieved 1 February 2017 from