Carnegie to develop solar power station with Lendlease

Company News

by David Chau

Carnegie Clean Energy Ltd (ASX:CCE) is developing a 10 MW solar power station in Northam, Western Australia, 100 km east of Perth.

This large scale solar project is a joint venture between Carnegie’s wholly owned subsidiary, Energy Made Clean, and property and infrastructure company Lendlease.

The company says the solar power station will consist of 34,000 solar panels, and can power over 4,000 households for 25 years.

The project is expected to cost between $15 and $20 million – with construction to start in mid-2017, and the power station to commence operation by the end of 2017.

Yesterday, Carnegie Clean Energy shares closed 6.76% higher at 8 cents.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.