We would like to take this opportunity to provide you with a brief update on Thunderbolt Solar Farm.

Despite a strong level of support from the local community for the solar farm, Neoen has decided to withdraw our plans for the Thunderbolt Solar Farm. This means that we will not be submitting a Development Application for the solar farm project.

The main reason for withdrawing the project is the growing uncertainty within the large-scale solar market. The forecast power prices for NSW solar are continuing to decrease, making it very difficult for large-scale solar farms across the state to sell the power generated at a competitive price. One key reason for the decreasing power prices for solar is the rapid rate at which rooftop solar is being installed on domestic houses – this drives the prices down that solar farms can expect to receive due to the over-supply of solar power generated during the middle of the day.

We would like to thank the community for their interest in and support of our project and wish you all the best.

We look forward to keeping you updated regarding our Thunderbolt Wind Farm developments.