Downer EDI awarded Clare Solar Farm contract

Company News

by David Chau

Downer EDI (ASX:DOW) has been awarded an engineering, procurement and construction contract for the Clare Solar Farm project, worth $190 million.

The contract was awarded by Fotowatio Renewable Ventures, a global solar developer with a portfolio in Australia, Africa, Latin America and the Middle East.

Downer EDI says the Clare Solar Farm is a 100 MW grid-connected photovoltaic solar plant in north Queensland.

The company expects construction to take 12 months, and will commence in early 2017.

Downer EDI reported a net profit of $180.6 million at 30 June 2016.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?