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