1 min read

Foresight Acquires Three Queensland Projects

The London-based Foresight Solar Fund is planning to acquire three solar projects that are under construction in Queensland after paying a $55 million debt facility from the Clean Energy Finance Corporation as reported by The Australian Financial Review.

The purchase of the three solar farms from Canadian Solar will enhance the Foresight portfolio in Australia to 252 megawatts building on the acquisition of the Bannerton project in Victoria last September of 2017 and the Barcaldine project in Queensland in the early part of 2017.

According to Foresight partner Ricardo Pineiro, the 146 megawatts of new assets will ensure more diversity across the company’s portfolio. According to Gloria Chan, CEFC lead for large-scale solar, as part of their Foresight investment, the company will collaborate with the Australian Energy Market Operator in installing 5-minute forecasting technology that will ensure stability on the grid.

Click here to read the full story on The Australian Financial Review

The STC In-Depth Guide to Solar Power Warranties

Buying solar power products is always going to be an exciting event. This is the case whether it’s the first time, or one of many times. When all...

Read More

Assessing the Federal Election Outcome for Australian Solar and Sustainability

On Saturday 21 May Australia’s federal election was held. From a renewables and sustainability perspective (among other factors) the outcome of this...

Read More