Sundrop Farms in Port Augusta are the latest business to benefit from the Federal Government’s Clean Energy Finance Corporation (CEFC).
Today the Minister for Climate Change, Mark Butler MP, welcomed Sundrop Farms’ in-principle agreement for CEFC to co-finance a major greenhouse development near Port Augusta, South Australia.
Mr Butler said the greenhouse will use solar-thermal technology to desalinate seawater to provide irrigation, and to heat and cool the greenhouses.
“We know Australians want us to move towards a greater reliance on clean energy like wind and solar for our power needs and the CEFC is a key catalyst for investments like this one,” Mr Butler said.
“Sundrop Farms is building a 20-hectare greenhouse facility which will produce over 15,000 tonnes of tomatoes a year for metropolitan markets across Australia.
“This world leading application of solar technology is particularly suitable for sustainable horticulture in arid regions. CEFC financing would be for approximately one quarter of the project cost.
The projects aims to be completed by mid-2015 and will employ about 200 people with substantial opportunities for local and State-based businesses during the construction phase.
Mr Butler said the CEFC is a key part of the Rudd Government’s policies to address global warming and cut carbon pollution, working alongside the emissions trading scheme, Renewable Energy Target and Australian Renewable Energy Agency to transform the economy to a clean energy future.
“In contrast, Tony Abbott has threatened to repeal the emissions trading scheme, scrap or water down the Renewable Energy Target and abolish the CEFC which would compromise hundreds of future of clean energy projects and investment like this one.”
The CEFC’s recent agreement to provide $60 million senior debt finance to the 56 MW Moree Solar Farm in NSW is another example of the significant progress being made by Australia’s solar industry. This project will provide enough power for 15,000 homes.
Further details of recent investments are attached [PDF152KB] [docx 15.4KB]
Media contact: Minister's Office 02 6277 7920