Australia, Solar

$360m Australian solar farm in the works

November 17, 2007 (ABC News) – Australian company CBD Energy has announced plans to build a $360 million solar farm and manufacturing plant in the New South Wales Hunter Valley.CBD Energy says the first stage of the project will cost $60 million. It involves the construction of a five-megawatt solar farm on land near Raymond Terrace, north of Newcastle, which it hopes to complete by June next year.

https://i1.wp.com/www.prometheus.org/publicfiles/active/0/222_small.jpg

Output will eventually be expanded to 30 megawatts, providing enough green electricity for more than 30,000 homes.

CBD executive chairman Gerry McGowan says the next stage will be building a factory to make a revolutionary new type of thin-film solar panel.

“We’ll manufacture [it] for a tenth of the cost of conventional PV technology,” he said.

The federal Coalition has promised to contribute $20 million to the first stage of the project, if it is re-elected.

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s