Edify Energy, an Australian renewable energy company, and development partner Solar Choice have invested in Whitsunday Solar farm in Queensland.
The Whitsunday Solar farm is a joint initiative of Edify Energy and its German investor, Wirsol.
Upon completion, the renewable energy project will provide 58MW of renewable capacity to the Whitsundays region and will provide 200 jobs during construction.
Queensland Minister for Energy Mark Bailey said: “The Whitsundays Solar Farm is part of the new, large scale renewable industry the Palaszczuk Government has established in Queensland which will boost investment in the State by more than A $600m, ($457m) creating around 600 direct jobs and hundreds more indirect jobs in regional Queensland.”
Bailey further added that the project was a recipient of ARENA funding and the project was supported under the Palaszczuk Government’s Solar 150 programme, which provides a 20 year revenue guarantee.
Edify Chief Executive John Cole said that the federal government funding and state revenue guarantee made the project an attractive investment.
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By GlobalDataCole further added: “We were able to attract the capital to this project due to the currently stable renewable energy investment climate Queensland is seeing.
“The Whitsunday solar farm project has been a key focal point for both Edify and Solar Choice over recent months and indeed years.
“Securing the ARENA grant funding is a milestone for this project and will help provide the catalyst in the ultimate buildout of a very large solar project with our partners Wirsol. We welcome ARENA’s and the Queensland Government’s involvement in kick starting utility scale solar in Australia.
“We are excited to be at the forefront of the large scale Australian solar PV sector and producing a significant volume of renewable energy. This is just the beginning for Edify."
