September 8 (SeeNews) - Australian utility Origin Energy Ltd (ASX:ORG) is behind the largest project to win support under the Australian Renewable Energy Agency's (ARENA) large-scale solar funding round.
The Darling Downs solar farm with a capacity of around 105 MW has been offered AUD 20 million (USD 14.9m/EUR 13.6m) under the programme, Origin confirmed today. A total of 12 projects representing over 480 MW secured grant funding as part of the tender (http://renewables.seenews.com/news/arena-funding-round-backs-482-mw-of-large-scale-solar-539044).
Construction of the Darling Downs solar farm, which once completed will be the largest in the country, is expected to begin in early 2017. Origin's Energy Markets head Frank Calabria said the company was looking to develop a portfolio of potential large-scale solar sites and the Darling Downs construction might "help to unlock these future developments."
The Darling Downs project is located near Dalby in Queensland and according to ARENA's announcement, it will require a total investment of AUD 216.7 million.
(AUD 1.0 = USD 0.747/EUR 0.679)