CEFC supported the expansion of the emerging solar generation belt in regional New South Wales, committing AU$30 million in non-concessional senior debt finance to what will be the state’s largest solar farm. The 150MW (AC) Coleambally Solar Farm is being developed by Neoen Australia. The Coleambally Solar Farm will consist of about 565,000 solar panels on 550 hectares. The project has contracted 70 per cent of its output to EnergyAustralia. The Coleambally site was chosen after a feasibility assessment confirmed there was an abundant solar resource at the location, which also boasts an existing electricity substation with grid connection capacity.