WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

China’s Oil Majors Are Burning Through Oil Reserves

China’s Oil Majors Are Burning Through Oil Reserves

Dismal earnings and depleting reserves…

Why Well Efficiency Is Overvalued

Why Well Efficiency Is Overvalued

It is always difficult to…

Australia Cancels Giant $1.5 Billion Solar Dawn Project

Australia’s giant, 250 megawatt, $1.5 billion Solar Dawn solar thermal power plant, planned for development in south-west Queensland, has been cancelled.

The Solar Dawn Consortium, led by Areva Solar, has said that it will remain committed to the large-scale concentrated solar power industry, but that this particular project will not go ahead.

Back in July the project was dealt a massive blow when the Queensland government pulled its $78 million funding from the project, but the plug has just been pulled after the Australian Renewable Energy Agency (ARENA) announced that it was no longer willing to fund the project.

Related Article: The World's Largest Solar Plant

“After exploring several options to address current market conditions, ARENA is no longer pursuing development, although it remains committed to Australia's large-scale concentrated solar power industry.”

Australia’s Clean Energy Council (ACEC) has criticised ARENA’s decision to pull out of the Solar Dawn project, because it leaves the country without a large scale solar thermal project. Russell Marsh, the policy director at the ACEC said that; “our challenge to ARENA would be for them to outline quite quickly what their plans are to have a program that is looking to support those kinds of technologies going forward.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News