Hana Financial Investment has acquired the 162MW Columboola Solar Farm in Queensland from UK-based developer Luminous Energy.
Located on a 405-hectare site in the Western Downs region, the solar farm will create 400 jobs and power the equivalent of 100,000 households per year.
CS Energy has signed a Power Purchase Agreement (PPA) to purchase 100% of the solar farm’s output to onsell to industrial and commercial customers including CQUniversity, Griffith University and Queensland University of Technology.
Jolyon Orchard, CEO of Luminous Energy, said “this project showcases how innovation can help secure an impactful and prestigious PPA, such as that with CS Energy, and interest from a world class investor, such as Hana Financial Investment.”
Construction will commence this year and is expected to conclude by the end of 2021.
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