Vast Solar, the developer of a 30 MW CSP technology with 10 hours of storage and a 20 MW PV facility, has sought a finance for a total of AUD75 million (US$53 million) from oil companies, Australian utilities as well as renewable energy investors in the Middle East and China. The company is also talking to the Australian Renewable Energy Agency, the Clean Energy Finance Corporation and the governments of NSW, Queensland and South Australia as it considers several alternative sites in those states.
The Jemalong solar hybrid plant is located in the central west region of New South Wales, south-east Australia. The facility with CSP technology uses sodium as a heat transfer fluid to capture concentrated solar energy that can then be stored and used on demand, on the utility-scale.
Country updates
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February 26, 2019
CBus, DIF, Synergy completes purchase of 180 MW Warradarge Wind Farm
Bright Energy Investments, a joint venture of Cbus Super, DIF and Synergy, has closed on the acquisition of the 180MW Warradarge Wind Farm in Western Australia. The wind project will have...
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February 26, 2019
Shareholders approve development of 2 GW pumped storage project in Australia
Snowy Hydro's shareholders have given the approval of the development of Snowy 2.0, a pumped-storage hydro expansion of the existing Snowy Scheme in Australia, after consideration of Board&...
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February 25, 2019
Tilt Renewables raises equity for US$400 million wind project in Australia
Tilt Renewables Limited has announced that it is raising approximately AUD260 million (US$185.3 million) of new equity to fund the construction of the 336 MW Dundonnell wind project, located...
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February 25, 2019
214 MW wind project to be built in West Australia
Alinta Energy has announced that it will build a wind farm in West Australia by mid-2020 after appointing Vestas as its engineering, procurement and construction partner. The 21...
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February 22, 2019
Genex to commence early works for 250-MW Kidston Pumped Storage Hydro Project
Genex Power Ltd has reached an agreement with the joint venture of McConnell Dowell/John Holland (MDJH-JV) to commence and implement an early construction works for the 250 MW Kidston Pumped...
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