Australia Will Wait Years To See The Advantages of Solar Thermal

Solar thermal power in Australia may not be commercially viable for another 20 years or more as stated by Energy Minister Josh Frydenberg

Solar thermal power in Australia may not be commercially viable for another 20 years or more. Energy Minister Josh Frydenberg has supported the development of the technology domestically, although he has warned it could take until 2040 for it to become a reality.

Solar thermal or concentrated solar power involves concentrating a large area of sunlight into a smaller area using a lens. Concessional loans of up to $110 million have already been committed to the country’s first solar project in Port Augusta.

This move follows a deal with Independent South Australia Senator Nick Xenophon in return for supporting Coalition tax cuts.

Click here to read the full story on Manufacturer’s Monthly

 

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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