Renewable energy developer X-Elio said this week that it has achieved financial close for its 200 MW Blue Grass Solar Farm. Australia’s Clean Energy Finance Corporation (CEFC) committed AUD 37 million ($26.7 million) toward the project.

The CEFC invested in the project as part of a syndicate of lenders featuring Dutch-based financial group ING and Japanese financial institution Sumitomo Mitsui Banking Corp. (SMBC).

The Blue Grass solar farm is X-Elio’s first major project in Australia. It is also its largest to date and is expected to generate 420 GWh of green energy per year when complete.