Government agency Indigenous Business Australia plans to use its first investment in large-scale solar as a model for future injections into other renewables projects across the country, chief executive Rajiv Viswanathan says.
Under a binding terms sheet announced on Monday, IBA and the Perth Noongar Foundation (PNF) will together take a 50 per cent equity stake in ASX-listed Carnegie Clean Energy's Northam solar project, a 10 megawatt solar farm to be built in Western Australia, about 100 kilometres east of Perth.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
