31 Jul '13, 5pm

AGL, First Solar to Build Australia’s Largest Solar Project

SYDNEY -- AGL Energy Ltd., Australia’s largest developer of renewable energy projects, said it will go ahead with a A$450 million ($408 million) solar project in New South Wales state with First Solar Inc. AGL will build the 155-megawatt project at two sites in Broken Hill and Nyngan with A$166.7 million in federal and A$64.9 million in state funds, the Sydney-based company said today in a statement. AGL doesn’t need to sell shares or take on debt to pay for the plants, Managing Director Michael Fraser said today in Sydney at a news conference. AGL is building the nation’s largest solar power development, covering a combined area four times the size of downtown Sydney, as Australia moves toward a goal of getting at least 20 percent of its power from renewable energy sources by the end of the decade. The Nyngan plant is also expected to be the largest in the southern hemisp...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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AGL, First Solar to Build Australia’s Largest S...

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SYDNEY -- AGL Energy Ltd., Australia’s largest developer of renewable energy projects, said it will go ahead with a A$450 ...

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