NAIF backs 10MW solar and battery plant in Northern Territory
2nd September 2020Infrastructure
A 10MW solar and battery power station being built south of Darwin in the Northern Territory has won backing from the federal government’s Northern Australia Infrastructure Facility (NAIF), via a $37 million loan.
The NAIF loan, announced on Wednesday, will also help underwrite a neighbouring 12MW gas-fired power plant in Darwin, which is being developed alongside the solar plant by Melbourne-based investment group, Merricks Capital.
Merricks Capital chief executive Adrian Redlich said the solar and battery project near Batchelor, 100 kilometres south of Darwin, had been three years in the making, with construction beginning in around June.
Written by: Sophie Vorrath