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Australian solar farms soon to be built without government support

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Australian solar farms soon to be built without government support

On Thursday, Australian Renewable Energy Agency announced 12 large-scale solar projects, which would receive $100 million support from the federal government.

According to Kane Thornton, chief executive of Clean Energy Council, apart from that, the national banks are considering investing more in solar farms over the course of this year.

Mr Thornton added that in future solar projects would be less dependent on funding from federal government to begin operations. He added that in a year, the farms would be able to “go ahead without further funding”.

The first major investment in solar energy made by Australian banks was made three years ago, when NAB and ANZ invested in a 20-MW solar plant located in Canberra.

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