Engie secures funds for 250-MW solar-plus-storage project in Victoria

• Engie SA secures funds for 250-MW solar project in Victoria, Australia, aiming to power 105,000 homes by 2026. Construction set to begin soon.

French power utility Engie SA has secured all funds to build a 250-MW solar project in Victoria, Australia, as part of its goal to deliver 3 GW of renewable energy capacity in the country by 2030. The Goorambat East Solar Farm, located near the towns of Goorambat and Benalla in northern Victoria, is expected to generate enough electricity for about 105,000 homes.

Deutsche Bank has closed an AUD-348-million debt and bank guarantee facility for the project, with construction set to begin in the next few months. The solar-plus-storage plant is scheduled to go live in 2026 and will connect to a newly built terminal station. Engie has already signed landholder agreements and early construction works are underway, with Bouygues Construction Australia and Equans Solar & Storage serving as EPC contractors.

What is Engie SA's target renewable energy capacity in Australia by 2030?

• Engie SA's target renewable energy capacity in Australia by 2030 is 3 GW
  
• The Goorambat East Solar Farm in Victoria is part of this goal, with a capacity of 250 MW
  
• The solar-plus-storage plant is expected to go live in 2026
  
• Deutsche Bank has provided an AUD-348-million debt and bank guarantee facility for the project
• Bouygues Construction Australia and Equans Solar & Storage are serving as EPC contractors for the project