The long-delayed Silverton wind farm project is set to go ahead in Australia as the first investment of a fund set up to advance renewables in the country.

Silverton will advance as a 200MW project using 3.4MW GE turbines after reaching financial close through its sale to the Powering Australian Renewables Fund (PARF), said project developer AGL Energy.

AGL is a co-founder of PARF, which was set up in early 2016 with the ambition to develop about 1GW of renewable projects.

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