X-Elio reaches fin close on 200-MW Australian solar project

January 20 (Renewables Now) – Spanish photo voltaic developer and operator X-Elio has reached monetary shut for the 200-MW Blue Grass Photo voltaic Farm it’s at the moment constructing in Queensland, Australia.

The photo voltaic photovoltaic (PV) venture acquired backing from the Clear Power Finance Company (CEFC), which introduced a AUD-37-million (USD 26.8m/EUR 23.6m) dedication in direction of the initiative. Different financing contributors are the Australian arm of Dutch banking group ING Group (AMS:INGA), and Sumitomo Mitsui Banking Company (SMBC), X-Elio mentioned immediately.

X-Elio expects Blue Grass to be up and operating within the first quarter of 2022. As soon as absolutely operational, it is going to be able to producing 420 GWh of fresh power per yr, sufficient energy to fulfill the annual energy demand of 80,000 native properties.

Blue Grass has a virtual power purchase agreement (VPPA) in place with software program firm Salesforce.com Inc (NYSE:CRM), the agency provides.

At current, X-Elio at the moment has a portfolio of over 600 MW of initiatives in growth throughout the East Coast, together with further initiatives for New South Wales and Victoria.

(AUD 1.0 = USD 0.72/EUR 0.64) )

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