Downer EDI Limited (ASX:DOW) has been awarded procurement, engineering, and construction contract worth $160 million in Northwest Victoria for Numurkah solar farm. The Numurkah Solar Farm is a 128 megawatt (MW) renewable energy project.
The Numurkah Solar Farm will deliver significant economic benefits for the local community in addition to the environmental benefits of a large scale renewable energy project. The Numurkah Solar Farm will help power Melbourne’s tram network, through the purchase agreement with the Victorian Government. This connection highlights Downer’s position as the leading integrated services provider in Australia and New Zealand.
Managing Director of Neoen Australia, Franck Woitiez, said that the successful financial close of Numurkah is one of the most significant milestones for the company’s operations locally. The stock was trading at a market price of $7.435 and has seen a daily percentage change of 1.156% as at July 27, 2018.
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