Singapore-based Equis Energy to invest $300m in two solar plants in Australia

Singapore-based Equis Energy to invest $300m in two solar plants in Australia

Solar Panels. Photo: Mint

Equis Energy said on Wednesday it plans to build two solar power plants for A$400 million ($303 million) in Australia, marking the Singapore-based renewable energy developer’s first investments in the country.

The two 100-megawatt solar plants would be in South Australia and Queensland, moving the country a step closer toward the federal government’s target for at least 20 percent of nationwide power to come from renewable energy by 2020.

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