South Australia Receives $110 Million For Solar Thermal In the 2017 Budget

Jon Capistrano
Jon Capistrano
May 19, 2017

The government is making $110 million of its $1.6 billion of spending available to kick-start private investment in a solar thermal plant In Port Augusta in South Australia in the 2017-18 Federal Government budget.

The said money will go towards kick-starting a private company to build a solar thermal plant just like the Ivanpah Solar Electric generating system in Southern Nevada.

Private companies like the Solar Reserve have previously stated that they need a government investment of around $100 million top start the development, but the solar thermal technology that will be created will be able to supply baseload power through renewable to a state that really needs it.

Solar Thermal uses molten salt in storing heat reflected by an array of thousands of mirrors. This allows the energy to be used to spin turbines and create power 24/7 like traditional coal and gas power plants.

Click here to read the full story on Gizmodo

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin

Trending Posts

The Future of Space-Based Solar Power Image

The Future of Space-Based Solar Power

Gigantic solar installations in space. It sounds fanciful – something out of Star Wars or Star Trek’s universe – but what if it’s actually possible?

Solar Trust Centre Solar Panel Featured Image

The Victorian Government’s Plan for Solar Aggregation

The Victorian government recently made a call for partners in a new solar pilot program. Although a trial program is always a small step, when viewed in context it’s one that provides an insight into where Victoria and other Australian states and territories will need to go in future: to continue to encourage solar panel uptake, while also properly managing the byproduct of it so an oversupply of energy isn’t fed into the grid.