• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 2 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 28 mins During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 5 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 16 hours Apology Accepted!
  • 42 mins Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 3 hours The Political Genius of Donald Trump
  • 18 hours U.S. natural gas at major disadvantage in Europe and China.
  • 19 hours Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 hours Why Oil could hit $100
  • 19 hours Putin Paid Militants to Kill US Troops
  • 24 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
  • 24 hours The world is headed for big problems - interview with very smart economist
  • 1 day CoVid in Spain, 9 months before China
MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

This Australian Billionaire Just Saved A Solar Farm

Australian mining billionaire and philanthropist Andrew “Twiggy” Forrest is said to have come to the rescue of a massive and troubled solar farm in Western Australia’s Wheatbelt, by agreeing to invest in the A$130 million ($88m) project.

Sydney-based Sun Brilliance has been working on a 100-megawatt solar farm at Cunderdin, about two hours east of Perth, since 2016. The company, however, has struggled to secure financing and faced snags connecting to the grid since it first proposed the project in 2016, Australian Broadcasting Corporation (ABC) reports.

Sun Brilliance confirmed through a tweet on Friday that it had held “very positive discussions” with a “high-calibre investor” to back its project, but didn’t mention Forrester or any of its companies.

Just two weeks ago, the founder of iron ore miner Fortescue Metals Group (ASX: FMG) grabbed headlines for backing another solar farm in Australia’s Northern Territory, which is expected to supply electricity to Singapore.

The company behind that project, Sun Cable, said Forrest’s Squadron Energy and Grok Ventures had become co-lead investors in the A$20bn-plus development. If successful, the so-called Australia-Singapore Power Link development would include a 10-gigawatt-capacity array of panels spread across 15,000 hectares near Tennant Creek, backed by about 22 gigawatt-hours in battery storage.

The NT plan is being developed alongside a similarly ambitious proposal for the Pilbara, the Asian Renewable Energy Hub. The proposed 15-gigawatt wind and solar hybrid plant is expected to power local industry and develop a green hydrogen manufacturing hub.

Forrester is also investing in 60 megawatt (MW) solar farm being built by Alinta Energy at Christmas Creek, which would help replace diesel generation at mines owned by Fortescue Metals.

By Mining.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




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