{"id":16367,"date":"2017-11-02T07:12:19","date_gmt":"2017-11-01T20:42:19","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=16367"},"modified":"2017-11-02T09:55:03","modified_gmt":"2017-11-01T23:25:03","slug":"ing-clare-solar-farm-mb0285","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/ing-clare-solar-farm-mb0285\/","title":{"rendered":"ING Funding Clare Solar Farm"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-16368\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/clare-solar-farm.jpg\" alt=\"Clare Solar Farm\" width=\"700\" height=\"383\" \/><\/p>\n<p>Banking giant ING has announced it is a participant in financing Clare Solar Farm, one of Australia\u2019s largest PV-based power stations.<\/p>\n<p><!--more-->While ING has previously been involved in financing wind energy projects in Australia, including the MacArthur and Bald Hills wind farms, this will be firm&#8217;s first involvement in an Australian solar project.<\/p>\n<blockquote><p>\u201cThe energy sector is central to a sustainable future. ING has extensive experience supporting diverse renewable energy projects around the world, including solar, wind, geothermal and hydro,&#8221; <a href=\"https:\/\/www.ing.com\/Newsroom\/All-news\/ING-funds-its-first-solar-farm-deal-in-Australia.htm\" target=\"_blank\" rel=\"noopener\">said<\/a> Charles Ho, ING&#8217;s Head of Wholesale Banking Australia. &#8220;This transaction stresses our global experience in renewables and also marks our expansion in the Australian market.&#8221;<\/p><\/blockquote>\n<p>More than 58% of ING&#8217;s electricity generation project financing plus other lending was awarded to renewable energy globally in 2016. As well as financing renewables, ING has also <a href=\"https:\/\/www.ing.com\/ING-in-Society\/Sustainability\/Our-own-operations\/Environmental-Programme.htm\">committed<\/a> to source 100% renewable electricity for all ING buildings globally where it has management control by 2020. The company had achieved 91% renewables by last year.<\/p>\n<p>Clare Solar Farm is currently under construction at a site approximately 35 km southwest of Ayr in north Queensland.<\/p>\n<p>Once operating, which is expected to occur before the end of the year, the 100MW facility will generate enough electricity to power the equivalent of 42,000 average Queensland homes, while avoiding 200,000 tons of CO2 annually. <a href=\"https:\/\/www.solarquotes.com.au\/panels\/trina-review.html\">Trina solar panels<\/a> at the facility are mounted on a single-axis tracking system that follow the sun throughout the day, boosting electricity output.<\/p>\n<p>In June this year, project developer Fotowatio Renewable Ventures (<a href=\"http:\/\/frv.com\" target=\"_blank\" rel=\"noopener\">FRV<\/a>) inked an agreement for the sale of Clare Solar Farm to a consortium consisting of Lighthouse Infrastructure and DIF; however it will continue to be operated and maintained by FRV.<\/p>\n<p>In May 2016, FRV signed a contract to sell the entire electricity output of Clare Solar Farm and large-scale renewable energy certificates (LRECs) produced by the plant to Origin Energy. Through the Power Purchase Agreement (PPA), Clare Solar Farm was the first large-scale solar project in Australia to obtain funding without Government subsidy.<\/p>\n<p>Also in the works for FRV is the Clare II Solar Farm, to be situated adjacent to the power station currently being constructed. According to a <a href=\"https:\/\/www.burdekin.qld.gov.au\/wp\/media\/downloads\/2017\/05\/60508264_Clare-II-Planning-Report_Rev3_040517.pdf\" target=\"_blank\" rel=\"noopener\">document<\/a> filed with Burdekin Shire Council in May, Clare II will be a 36MW facility that may incorporate a battery energy storage system (BESS), &#8220;depending on final design settings and economic considerations during the financing phase&#8221;. Clare II will also feature a single axis solar tracking system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking giant ING has announced it is a participant in financing Clare Solar Farm, one of Australia\u2019s largest PV-based power stations.<\/p>\n","protected":false},"author":17,"featured_media":16368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-16367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ING Funding Clare Solar Farm - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Banking giant ING has announced it is a participant in financing Clare Solar Farm, one of Australia\u2019s largest PV-based power stations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/ing-clare-solar-farm-mb0285\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ING Funding Clare Solar Farm\" \/>\n<meta property=\"og:description\" content=\"Banking giant ING has announced it is a participant in financing Clare Solar Farm, one of Australia\u2019s largest PV-based power stations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/ing-clare-solar-farm-mb0285\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-01T20:42:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-01T23:25:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/clare-solar-farm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"383\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/ing-clare-solar-farm-mb0285\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/ing-clare-solar-farm-mb0285\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"ING Funding Clare Solar Farm\",\"datePublished\":\"2017-11-01T20:42:19+00:00\",\"dateModified\":\"2017-11-01T23:25:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/ing-clare-solar-farm-mb0285\\\/\"},\"wordCount\":405,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/ing-clare-solar-farm-mb0285\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/clare-solar-farm.jpg\",\"articleSection\":[\"General Solar &amp; 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In announcing its stance on coal, the company said it realised it had important role to\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"National Australia Bank - Renewables vs. coal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/coal-renewables-funding.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26745,"url":"https:\/\/www.solarquotes.com.au\/blog\/renmark-solar-farm-mb0875\/","url_meta":{"origin":16367,"position":1},"title":"4.98MW Solar Farm For Renmark, South Australia","author":"Michael Bloch","date":"December 24, 2018","format":false,"excerpt":"France-based Akuo Energy will invest $12 million in the Jane Eliza Solar Farm, to be built in South Australia's Renmark Paringa Council area. Announced last week, Akuo Energy has signed a long-term lease with Council for the 10 hectares of land on which it will build the facility, featuring approximately\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar farm for Renmark","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/renmark-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/renmark-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/renmark-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/renmark-solar-farm.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":21685,"url":"https:\/\/www.solarquotes.com.au\/blog\/longreach-solar-farm-mb0597\/","url_meta":{"origin":16367,"position":2},"title":"Queensland&#8217;s Longreach Solar Farm Inaugurated","author":"Michael Bloch","date":"May 23, 2018","format":false,"excerpt":"Canadian Solar's $29 million Longreach Solar Farm project had its official inauguration yesterday. The 15MW AC (17.472 MWp DC) clean power station is being progressively commissioned and is currently operating at 50% capacity. The facility is located near Longreach in Central West Queensland, which is approximately 700 km west of\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Longreach solar farm","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/longreach-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/longreach-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/longreach-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/longreach-solar-farm.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":46119,"url":"https:\/\/www.solarquotes.com.au\/blog\/metz-solar-farm-mb1818\/","url_meta":{"origin":16367,"position":3},"title":"Financing Secured For NSW&#8217;s Metz Solar Farm","author":"Michael Bloch","date":"December 29, 2020","format":false,"excerpt":"Fotowatio Renewable Ventures (FRV) has closed financing for the Metz Solar Farm project in New South Wales. Metz Solar Farm is a 115 MWac clean power station to be constructed at a site near Hillgrove, approximately 20 kilometres east of Armidale. Originally an Infinergy project, it was acquired by Clenergy\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Metz solar farm financing","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/metz-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/metz-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/metz-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/metz-solar-farm.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/metz-solar-farm.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":16656,"url":"https:\/\/www.solarquotes.com.au\/blog\/cefc-lincoln-gap-battery-mb0299\/","url_meta":{"origin":16367,"position":4},"title":"CEFC Finances Large-Scale Battery System","author":"Michael Bloch","date":"November 13, 2017","format":false,"excerpt":"Australia's Clean Energy Finance Corporation announced this morning it will be supporting Australia's first unsubsidised large-scale grid-connected battery. The CEFC will be providing $150 million in debt finance to stage one of the Lincoln Gap wind farm in South Australia's Port Augusta region, which includes a 10MW\/10MWh battery energy storage\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Lincoln Gap - wind farm and battery storage","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/lincoln-gap-battery-storage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/lincoln-gap-battery-storage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/lincoln-gap-battery-storage.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/lincoln-gap-battery-storage.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":17655,"url":"https:\/\/www.solarquotes.com.au\/blog\/cefc-solar-1gw-mb0368\/","url_meta":{"origin":16367,"position":5},"title":"CEFC Clocks Up 1GW+ Of Large-Scale Solar Investments","author":"Michael Bloch","date":"December 15, 2017","format":false,"excerpt":"Australia's Clean Energy Finance Corporation is finishing the year on a strong note, committing $207 million in debt finance to accelerate the development of two large-scale solar farms. The two projects are the Wemen Solar Farm in Victoria and the Clermont Solar Farm in Queensland. The developer of both facilities\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar Power - Clean Energy Finance Corporation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=16367"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16367\/revisions"}],"predecessor-version":[{"id":16377,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16367\/revisions\/16377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/16368"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=16367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=16367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=16367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}