South Australia Thrilled with New Low-Cost Solar Thermal and Storage Project

solar thermal project
South Australian Premier, Jay Weatherill announced last Monday that SolarReserve won the tender to supply 100% of the government’s long-term power needs through a 150megawatt, $650 million solar tower and storage facility to be built in Port Augusta as reported by Clean Technica. The project is called “Aurora” and won the 20-year contract to deliver power at $78/megawatt-hour, which is one-half of the previous estimates for the technology. How did they get such a low cost?
  • The 20-year power off take contract SolarReserve has signed with the South Australian government will allow them to very gradually write off the initial cost.
  • Second is the $110 million of recoupable expenditures that were promised by the federal government last April.
Click here to read the full story on Clean Technica  

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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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