UPC / AC Renewables（UPC Renewables和AC Energy合资企业）；
400 MW first stage of New England Solar Farm reaches financial close
The first 400 MW stage of the New England Solar Farm near Uralla in New South Wales (NSW) has reached financial close thanks to debt financing from Bank of China, Commonwealth Bank of Australia, and Westpac.
Joint venture UPC/AC Renewables Australia (UPC Renewables and AC Energy) said in a statement that construction on the first stage of the project got underway at the end of 2020, with lead contractor, Spanish infrastructure development group Elecnor, having already commenced early works through its subsidiary Green Light Contractors, including substation and road design.
The New England Solar Farm will eventually become a 720 MW Solar installation combined with a 400 MWhr battery energy storage system on site. It is hoped this first stage of the enormous project will be connected to the National Energy Market (NEM) and producing clean solar energy by July 2022, with a tentative date near the end of 2023 for the entire project to be operational.