Australia's Clean Energy Finance Corp (CEFC) has provided AUD 4.7 million (USD 3.3m/EUR 3m) in financing to domestic firm Epuron Solar Pty Ltd for a 1.8-MW solar project at the Ayers Rock Resort.
In a press release on Tuesday, CEFC said that the photovoltaic (PV) capacity had been installed at five separate sites.
The Ayers Rock Resort, located in Australia's Northern Territory, is owned by Voyages Indigenous Tourism Australia. The latter, part of corporate commonwealth entity Indigenous Land Corp (ILC), also received AUD 450,000 from the Australian Renewable Energy Agency (ARENA) to share all it has learned from the project with the local industry.
Epuron has a long-term power purchase agreement (PPA) with the resort owners for the output of the PV systems. The arrays are expected to generate enough electricity to meet some 30% of the resort’s daily needs or about 15% of its annual consumption.
“The CEFC’s finance for the Ayers Rock Resort solar project is encouraging additional private sector investment in renewable energy and helping to build Australia’s technical experience in remote-area solar installation and maintenance,” CEO Oliver Yates noted.