The CEFC is backing the development of the proposed 44 MWac Perry Bridge and 80 MWac Fulham solar farms, in a landmark joint venture with Octopus Investments. Octopus Australia and the CEFC have purchased the rights to develop the two projects from local Gippsland based developer Solis Re, and the three parties will be working closely together to bring the projects to financial close. The CEFC commitment to these development stage assets is $850,000. The solar farms are aiming to showcase the ability of sheep grazing and solar farming to co-exist, providing a diversified revenue stream to local landholders.