SIMEC ZEN Energy Launches USD 1 Billion Renewable Energy Program in Australia

SIMEC ZEN Energy – part of India-born British billionaire Sanjeev Gupta’s global GFG Alliance – has launched its landmark US$1 billion, one‐gigawatt dispatchable renewable energy program in the Upper Spencer Gulf.

In the first of a number of projects slated for the upper Spencer Gulf region, will include a 120 mw lithium-ion battery bigger than the 100 mw battery built by Elon Musk’s Tesla in South Australia in 2017.

The project will produce 280 megawatts of power and feature 780,000 solar panels, generating enough electricity for 96,000 homes.

The Cultana Solar Farm will begin construction in early 2019, employing 350 workers during construction, reported ABC News.

“Today’s event is symbolic of our desire to develop and invest in new-generation energy assets that will bring down Australia’s electricity prices to competitive levels again,” Gupta said. He added “solar will be the main base of our ambitions in Australia but we will have some wind and we have lots of storage solutions.”

When completed, Gupta’s battery will surpass the battery built by tesla as the largest in the world.



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