Australia: Engie closes financing for 250 MW solar power plant
Engie finalizes financing for its 250 MW solar project in Victoria, Australia, marking a key step in its expansion of renewable energies.
| Countries | Australie, France |
|---|---|
| Companies | Neoen |
| Sector | Énergie Solaire, Photovoltaïque |
| Theme | Investissements & Transactions, Développement de projets, Financement |
Engie, a global energy leader, recently reached financial close for the construction of a 250 MW solar power plant at Goorambat East in Victoria, Australia.
The project, which received its first green light in 2019 under the aegis of French developer Neoen, is an important milestone for Engie, particularly following the acquisition of the project in 2023.
The plant is scheduled to come on stream in 2026, with enough generating capacity to supply around 105,000 homes.
The project marks a significant return for Engie to renewable energy generation in Victoria, a region where the company has had no similar projects since the closure of the Hazelwood coal-fired power station in 2017.
The Goorambat East project is part of a broader strategy to boost the share of renewables in Australia’s energy mix.
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