Suntech, Infigen apply for funding of Australian PV projects worth USD 791m

(ADPnews) - Nov 5, 2010 - Chinese solar panel manufacturer Suntech Power Holdings (FRA:S9H) and Australian renewable energy company Infigen Energy (ASX:IFN) have applied for state funding for four solar projects in Australia worth AUD 780 million (USD 791m/EUR 557m).

Business news service Bloomberg reported today that the companies hope to benefit from the Australian programme for solar flagship projects. It has a budget of AUD 1.5 billion, to be awarded for the construction of solar thermal and photovoltaic (PV) plants in Australia over six years.

A decision on the funding will be made in the first half of 2011, Infigen spokesman Richard Farrell said today.

(AUD 1.0 = USD 1.014/EUR 0.714)

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