Greek developer secures finance of three more Australian solar projects

·

Mytilineos Holdings, a Greek industrial conglomerate company, has recently financially closed on three solar farms in Australia.

The Greek industrial and energy giant is investing in its second portfolio of projects in Australia with two solar farms in QLD and one in NSW.

“Australia is a key market for Mytilineos’ global renewables development strategy,” said Nikos Papapetrou, the company’s general manager of renewables and storage development.

“We are pleased with the trust given to the company and to our vision in the region and we look forward to many more successful financings for our future projects,” Papapetrou said.

According to Renew Economy, The Moura and Kingaroy solar farms in Queensland and Wyalong in NSW – 110MW, 53MW and 75MW respectively – are at varying phases of development.

The Moura farm, is complete and is undergoing hold-point testing, the Kingaroy farm is in its early stages of construction and Wyalong is partially built.

The Moura farm, in QLD’s Banana Shire.

The finance for the solar farm projects accrued to $234 million and was provided by Australian banks, ANZ and Westpac.

Mark Clover, ANZ executive director of corporate finance, said Mytilineos’ expansion in Australia is a positive sign for the local renewables market. He says, Mytilineos aligns with ANZ’s goal of spending $100 billion in sustainable solutions by 2030.

All solar farms are secured with power purchase agreements (PPA).

The Wyalong project has 10 year PPA with NBN Co to sell roughly half of its output. While the Moura farm has a PPA with state-owned utility CS Energy, and Kingaroy farm holds a PPA with Smartest Energy.

Source: Renew Economy

greek film festival 2025

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Step into the world of mental health with Georgia Cassimatis’ latest book

Greek Australian author and journalist, Georgia Cassimatis, has released a book all about exploring the world of mental health.

GOCNSW Welfare Service to put a spotlight on cyber security awareness

The Greek Orthodox Community of NSW’s (GOCNSW) Welfare Service has organised three Cyber Security Awareness education and training workshops.

Marriage of a Greek woman abroad: What to watch out for

It is during this registration process that numerous problems arise, which are not dealt with immediately but later on.

Athena Competition Greek winners show olive oil diversity

By Lisa Radinovsky from Greek Liquid Gold. At the 10th anniversary edition of the ATHENA International Olive Oil Competition in Chania, Crete, Greece in May, 175 Greek olive oils...

Greece’s island communities face population crisis

The demographic decline in Greece is hitting its islands hard, with Lemnos and Agios Efstratios showing alarming signs of aging populations.

You May Also Like

Man sets wife on fire in Kalamata

A 45-year-old man was arrested, and charged with attempted murder, in the southern town of Kalamata on Thursday, after setting his wife on fire.

Antipodes Festival: Two days showcasing Greek culture at its best in Melbourne

Antipodes Festival: Two days showcasing Greek culture, food, music and dance at its best in Melbourne, Victoria.

Greek Community of Melbourne’s AGM reflects on challenging 2020 while setting sights on brighter 2021

"This will be a hub and meeting space for all Greek Australians and will act as a catalyst for future projects," Bill Papastergiadis said, referencing the new Youth and Elderly Centre.