Australia is Investing in Big Coal and Big Solar

Jon Capistrano
Jon Capistrano
December 7, 2016

To fast track Australia’s rollout of big solar, the funding agreement from the Australian Renewable Energy Agency (ARENA) was signed on December 2nd, reports ENS Newswire.

The new agreement commits to $8.9 million of ARENA funding to publicly-traded Genex Power’s $126 million Kidston Solar Project in North Queensland. The Kidston project is a key component in ARENA’s push to triple the large-scale solar capacity of Australia by supporting 12 new solar farms. At the same time, the country is expanding its coal production and transport capacity.

The multinational mining company Adani Group’s $21.7 billion Carmichael coal and rail project has just acquired its final major Queensland state and federal government approval. The project has acquired all the primary approvals in the planned transport of coal mined 400 km away from Queensland’s Galilee Basin.

Gautam Adani, the Adani Group chairman in North Queensland has met with government officials and the coordinator general has approved an application for the application for the project’s rail line into the coal export Port of Abbot Point. The port’s terminal is being expanded and once complete, it will be the world’s largest coal port.

Click here to read the full story on ENS Newswire

Featured Image Credit: Ed Ralph

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