The funding hopes to spur plants to join the 102MW Nyngan project

Australia $246m to spur large-scale solar development

Australia today committed A$350m ($246m) to help finance up to 10 new large-scale solar projects, in another signal that the sun – not the wind – is the renewable source of choice under its current government.

9 September 2015 9:33 GMT Updated 28 September 2016 9:37 GMT

By Andrew Lee in London

The country’s Clean Energy Finance Corporation (CEFC) unveiled a $250m large-scale solar finance programme designed to help attract private capital to support projects that will add 200MW to Australia’s solar fleet.

The CEFC finance adds to a $100m funding programme launched by the Australian Renewable Energy Agency (ARENA) aimed at solar projects with a minimum capacity of 5MW (AC).

The two bodies plan to help add to existing large-scale developments in Australia, including AGL Energy's 102MW Nyngan Solar Plant in New South Wales, which uses modules from project-partner First Solar.

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