SolarReserve has been selected by the government of South Australia state to develop a 150MW solar thermal project at Port Augusta.
Construction of the A$650m (US$511m) facility, dubbed Aurora, will start next year and is expected to be completed in 2020.
The government has signed a power purchase agreement with the US company for the supply of energy from the project for 20 years.
Aurora will provide 100% of the Australian state’s power needs, with the government set to pay an expected levelized price of A$75/MWh, and no more than A$78/MWh.
“We are supporting this nation-leading renewable energy project because it will deliver more competition into our energy market and put downward pressure on power prices for households and businesses,” South Australian premier Jay Weatherill said.
Image: SolarReserve
Aussie green light for SolarReserve
Construction of the 150MW Aurora project in South Australia to start next year
By EBS