The federal clean energy funder has committed to a new solar farm. 

The Clean Energy Finance Corporation (CEFC) has announced a $37 million commitment to Blue Grass Solar Farm.

The investment, on behalf of the Australian Government, supports the latest solar technology to further strengthen the nation’s renewable energy grid.

The 200MWp Blue Grass Solar Farm in Queensland will feature bifacial solar panels and half-cut cells technology, both of which increase performance and efficiency.

“This latest renewable energy investment demonstrates that CEFC expertise and capital is central to the ongoing evolution of the sector,” says CEFC chief Ian Learmonth. 

“Blue Grass Solar Farm will include the latest technology that this innovative sector can deliver and will truly be a solar farm for the 21st century.

“Since our earliest investments, the CEFC has been instrumental to the development of renewable energy capacity, which is pivotal to cutting emissions across our economy. 

“We’ve met the financial challenge of backing early developments, while delivering substantial investment and jobs to regional Australia. 

“We have also stood by the industry during challenging economic times such as COVID-19, while building market confidence and attracting private sector capital.

“With this latest investment we are proud to have contributed to the delivery of more than 3.5 GW of low emissions generating capacity, including 2 GW of solar and 1.5 GW of wind. This clean energy will underpin our energy transition for generations to come.”