The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
InfrastructureStaff WriterTue 08 Aug 17

Impact Investment Group Funds 50,000 New Solar Panels in Victoria

iStock-545378314_620x380

Australian funds manager Impact Investment Group (IIG) has committed to fund the construction and operation of a new 19MW solar farm in Victoria's Swan Hill.

The Melbourne-based Liberman family-backed funds manager is targeting a $1 billion investment in solar infrastructure by 2020.

This project will be the company’s largest investment in a single solar farm, and is expected to be one of the highest capacity solar farms in Victoria on completion.

The Swan Hill Solar Farm is expected to produce 37,700 MWh in its first year of operation, enough to power the equivalent of approximately 6,300 Australian homes.

Over its 25-year expected lifetime, the solar farm will avoid approximately 1 million tonnes of carbon emissions and save approximately 14,300 Australians from pollution related diseases, according to modelling by IIG. It will have more than 50,000 solar panels operating on a single axis tracking system.

IIG CEO Chris Lock said many sophisticated investors recognise that the world is shifting to renewable power such as wind and solar.

“Investing in solar power stations can deliver investor returns, create jobs and provide cleaner, safer, healthier energy options.”

"It is great to be a prominent part of this new wave of construction and investment in Victoria's solar energy economy," he said.

The project has a total expected cost of approximately $32 million and to directly create 60 jobs during construction, and the same number again through indirect employment in the supply chain and through managing Australia’s transition towards renewable energy.

Regional Victoria is set to experience a boom in the development of renewable energy generation, with more than eleven large-scale solar farms currently committed or proposed for the state.

Swan Hill Rural City Council Mayor Cr Les McPhee said north-west Victoria was primed to be a centre for clean energy generation.

“Council has been an early supporter of solar energy and has enjoyed a great relationship with the developers and investors of this solar farm at what is locally known as Blackwire Reserve.”

Australian Solar Group was named the developer of the project, while RCR Tomlinson Ltd was awarded the engineering, procurement, construction and maintenance contract.

Project construction is expected to commence in late August 2017.

IndustrialAustraliaConstructionTechnologyPolicyConstructionPolicy
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/50000-new-solar-panels-set-make-impact-victorian-energy