Oct 26 (Reuters) - Neoen SA NEOEN.PA :
* COMPLETES FINANCING FOR WESTERN DOWNS GREEN POWER HUB, AUSTRALIA'S LARGEST SOLAR FARM
* DEBT WILL BE PROVIDED BY A SYNDICATE OF SEVEN LENDERS, WITH NEOEN RETAINING 100% EQUITY STAKE
* PROJECT IS SUPPORTED BY LANDMARK 352 MWP POWER PURCHASE AGREEMENT WITH CLEANCO, QUEENSLAND'S PUBLICLY OWNED RENEWABLE ENERGY COMPANY
* PROJECT WILL CONTRIBUTE OVER 30% OF ENERGY REQUIRED FOR CLEANCO TO MEET TARGET OF 1 GW OF NEW RENEWABLE ENERGY GENERATION BY 2025
* TOTAL PROJECT COSTS WILL AMOUNT TO APPROXIMATELY A$600 MILLION
* CONSTRUCTION IS EXPECTED TO TAKE OVER A YEAR, WITH ENERGY GENERATION SCHEDULED TO COMMENCE IN 2022
* INVESTMENT IS EXPECTED TO CREATE OVER 400 CONSTRUCTION JOBS IN LOCAL AREA AND SOUTH WEST QUEENSLAND REGION
* SOLAR FARM WILL GENERATE ENERGY TO POWER 235,000 QUEENSLAND HOMES, OR ENOUGH TO POWER EVERY HOME ON THE SUNSHINE COAST