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AGL to Build Two Solar Farms in New South Wales by End of 2014

PERTH, AUSTRALIA--August 2, 2012--Researched by Industrial Info Resources (Perth, Australia)--The Commonwealth government recently announced $130 million in conditional grants for AGL Energy Limited (AGL) (Sydney, New South Wales) under the 2012 Solar Flagship Program. During 2011, AGL had applied to the program to facilitate funds for Broken Hill and Nyngan solar farms, and the company received the grant approval in June 2012. Conversely, this funding has prioritized solar farms for AGL, diverting plans to build the Silverton windfarm project. The decision also increased speculation about the Australian government's interest in building solar farms that would provide competitive cost benefits over wind energy.

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