Project

Western Downs Green Power Hub

PROJECT STATUS
Under Delivery
Western Downs Green Power Hub

The Western Downs Green Power Hub will be a 460-megawatt solar farm that consists of approximately 1,545 hectares of solar panel fields and 150 megawatts of battery storage. It will connect to the state's main transmission network both directly and via battery storage.

Key Dates

May 2020 Contract Award
Jul 2020 Construction Commencement
Oct 2020 Financial Close
Mar 2022 Expected Construction Completion

Financing

;
Debt Finance: Syndicate

Neoen has completed debt financing for the project, retaining 100 per cent of the equity stake in Western Downs Green Power Hub. The Syndicate comprises seven lenders, including: Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, MUFG Bank, NORD/LB, HSBC and Commonwealth Bank of Australia.

Procurement

Procuring Agency: The developer, Neoen, was responsible for appointing the Engineering, Procurement and Construction (EPC) contractor.
Successful Tenderer: Sterling & Wilsons were appointed as the EPC contractor for the project.

PROJECT HISTORY

Jul 2018 The project received planning approvals.
May 2020 Neoen awarded EPC contract for the project to Sterling & Wilson. The Queensland Government also announced that construction of the project would proceed after a Power Purchase Agreement (PPA) was signed between the Queensland Government's renewable energy agency CleanCo and Neoen. Under the PPA, CleanCo will purchase 320 megawatts of output from the Western Downs Green Power Hub.
Oct 2020 Neoen completed debt financing for the project, retaining 100 per cent of the equity stake in Western Downs Green Power Hub. $600 million in debt will be provided by a syndicate of seven lenders.
Estimated Total Cost
(2020)
Sector
Energy
Procurement approach
Unconfirmed |
Location
Queensland |
Infrastructure Australia status
Not considered
Resources
Media releases
2020/05/06
2020/10/26