Today AGL announced that two large scale solar PV projects with a combined 155MW capacity are set to proceed following the financial close with respect to funding agreements with the Commonwealth and NSW Governments.
The projects will include a 102MW solar plant at Nyngan and a 53MW solar plant at Broken Hill. The total project cost is approximately $450 million. To support AGL’s delivery of the projects, the Commonwealth funded Australian Renewable Energy Agency (ARENA) will provide $166.7 million and the NSW Government will provide $64.9 million.
On an annual basis the projects will produce approximately 360,000 MWh of electricity, which will be sufficient to meet the needs of over 50,000 average NSW homes.