Green bank withholds $78m as solar farm venture collapses

The joint venture behind the Far North Solar Farm has fallen apart, prompting the government's green investment bank to pause its $78 million funding commitment.

Reviewed by Rakai 27 June 2026

The government green bank has placed $78 million in public funds on hold following the collapse of the joint venture developing the Far North Solar Farm.

The partnership ended due to strategic differences between the parties. The green bank is withholding its committed funding in response to the breakdown.

A fast-track consenting panel has separately raised concerns about the project.