Blue Grass Solar

Blue Grass Solar Project - Financing

Borrower (s)
Blue Grass Solar
Industry
Renewables/PV solar
Area of finance
Project & Infrastructure Finance
Region
Australasia
Countries
Australia

Deal Overview

X-Elio has reached financial close on its A$215 million 200MW Blue Grass solar PV project in Queensland, with backing from the Clean Energy Finance Corporation (A$37 million), ING and SMBC.Construction on the project, with Gransolar as EPC contractor, began in October 2020 and the plant is expected...

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X-Elio has reached financial close on its A$215 million 200MW Blue Grass solar PV project in Queensland, with backing from the Clean Energy Finance Corporation (A$37 million), ING and SMBC.

Construction on the project, with Gransolar as EPC contractor, began in October 2020 and the plant is expected to begin full commercial operations in Q1 2022. The deal benefits from a virtual power purchase agreement (VPPA) with Salesforce – its first renewable energy offtake agreement in Australia – for 25% of the farm’s output.

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Deal Volume
$154.93m
Financial Close
20 January 2022
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Projects

Blue Grass Solar Farm Project

Greenfield
PV solar
Australasia
Australia
$154.93m