Australia Reopens Solar Funds Bid as BP Fails to Get Finance
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Australia reopened a solar funding competition to AGL Energy Ltd., TRUenergy Holdings Pty Ltd. and Suntech Power Holdings Co. after the winning venture that includes BP Plc failed to meet a financing deadline.
The government invited the companies to update their applications seeking grants to build solar-power projects, Energy Minister Martin Ferguson said in a statement today. London-based BP, Fotowatio Renewable Ventures and Pacific Hydro Pty were awarded A$306.5 million ($330.3 million) in funds last year to build the Moree solar farm in New South Wales state.