New Energy Solar inks deal with Clean Energy Finance Corporation

Company News

by Anna Napoli

New Energy Solar (ASX:NEW) has  inked a deal with the Clean Energy Finance Corporation (CEFC) for the establishment of a new $50 million acquisition facility.

The solar energy business will use the facility to boost growth in the Australian market.

New Energy  Solar recently announced the acquisition of its first solar plant in Australia, Manildra.

The facility will enable the company to acquire further Australian assets.

CEO John Martin said he is looking forward to seeing further growth in investment in Australian renewables.

Shares in New Energy (ASX:NEW) are trading up 0.68 per cent to $1.49

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.