Mytilineos has secured funding of solar power projects in southern New South Wales from ANZ, Westpac, and Societe Generale.
The company says the solar parks in Corowa, Junee, and Wagga Wagga will produce 220-gigawatt hours of electricity and reduce 180,000 tonnes of carbon dioxide emissions every year.
“We applaud Mytilineos Group’s commitment to develop sustainable energy solutions, and in turn support Australia’s energy transition,” said Alastair Welsh, manager at Westpac Institutional Bank.
“ANZ is very pleased to have supported MYTILINEOS in… providing valuable renewable energy generation in New South Wales as the state transitions to net-zero carbon,” ANZ executive director Mark Clover said.
The project is part of a 10-year ‘Green’ Power Purchase Agreement (PPA) with Coles.
Mytilineos says its remaining projects in Australia will be ready to start construction next year.