NSW Government Solar Flagships Program
The Federal Government established the Solar Flagships Program in 2009 to support the construction and demonstration of large-scale, grid-connected solar power stations in Australia.
The NSW Government committed to maximising the competitiveness of NSW-based applicants by way of planning assistance and/or financial assistance. This was designed to maximise the opportunity for development of a solar industry in NSW, deriving benefits from education initiatives and ensuring an appropriate level of economic and other benefits to regional and remote areas of NSW.
BurnVoir acted as financial adviser to the NSW Department of Environment, Climate Change and Water in relation to the structuring, evaluation and negotiation of A$120m in financial assistance for NSW-based applicants in the Solar Flagships Program. The Solar Flagships Program was established to support the construction of large-scale, grid-connected solar power stations in Australia. BurnVoir role included structuring A$120m in financial assistance for NSW-based applicants in the Solar Flagships program, evaluation of requests for financial assistance and negotiation and finalisation of funding agreements with the successful applicant, the Moree Solar Farm, sponsored by BP Solar and Fotowatio Renewable Ventures.