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$140m for Moree solar pioneer

Fotowatio Renewable Ventures has reached financial close on Australia's pioneering 70MW Moree solar farm.

Construction will begin immediately, after the Australian Renewable Energy Agency and the Clean Energy Finance Corporation provided nearly $A150m ($140m) funding.

The development, in northern New South Wales, is the country's first large solar tracking project, continually orienting its panels to follow the sun.

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