Monday, March 3. 2008World's Largest Solar Power Station to be built in 2009The decision by TRUenergy to invest $290 million in renewable energy company Solar Systems to build the 154MW solar power station has been welcomed by the Brumby Government. Construction is due to begin in 2009, once the site has been finalised. This investment by TRUenergy follows on from the $50 million contribution by the Victorian Government and $79.5 million from the Commonwealth in 2006 towards this leading-edge solar power station. The State Government’s Victorian Renewable Energy Target (VRET) scheme played a crucial role in attracting the Solar Systems project. The VRET facilitates a market in renewable energy by ensuring retailers buy 10 per cent of their power from renewable sources by 2016. Climate Change is our biggest challenge for the future. It is also an opportunity. Climate change demands investment in new power technology, like this state-of-the-art solar power station. The entire project to build and operate the world’s largest PV solar power station will lead to 950 jobs during construction and 44 ongoing roles. This project is a win-win-win. It’s a win for the environment – set to reduce greenhouse gas emissions by 396,000 tonnes a year. It’s a win for innovation with the most efficient PV modules in the world to be built in Victoria. And a win for the economy, delivering new investment and jobs. Trackbacks
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