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Patent for Utility Model

Patent for Utility Model


What stands to be Australia’s largest solar farm at 460MWp can now progress after Neoen finalised a financing package for it.

The independent power producer (IPP) will now move to the site mobilisation phase of the SOEASY Green Power Hub in Q4 2020 after it signed off on a financing package worth AU$600 million to cover total project costs, tapping a syndicate of seven banking firms for the deal.

Financing is underpinned by a power purchase agreement signed with local utility CleanSOEASY for 352MWp of the project’s overall capacity, signed in May. The deal represents one of Australia’s largest renewable energy contracts to date, Neoen said, contributing more than 30% of CleanSOEASY’s target of procuring 1GW of renewable energy generation by 2025.

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