Neoen raises debt for Numurkah solar project

Neoen is to break ground on its Numurkah solar farm in regional Victoria after reaching financial close on a debt package from CEFC, NordLB and fund manager Vantage Infrastructure. The A$198 million ($144 million) 128MW PV project is supported by a 38MW Green Certificate Purchase agreement from the Victorian government and a 15-year power purchase agreement with GFG Alliance’s SIMEC ZEN Energy. Downer EDI has been awarded the EPC contract for the project and is expected to have completed construction by May 2019.