Large-scale solar industry takes off as 12 new plants secure finance

By Michael Slezak Support from the Australian Renewable Energy Agency has helped put large-scale solar on a solid footing despite cuts to its own fundingAustralia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable Energy Agency reaching “financial close” this month.That means they are fully financed and have locked in engineering, construction and grid connection agreements, as well as council and environmental approvals. Related: Australia’s biggest CBD solar power project open to public investment Related: Renewable energy spike led to sharp drop in emissions in Australia, study shows

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