According to The Australian Financial Review, Spanish utility Iberdrola has committed to invest $500 million to build a huge hybrid solar and wind farm project developed by private Irish company DP Energy in South Australia, in a major leap forward for the delayed project.
Construction on the Port Augusta Renewable Energy Park (PAREP) is now expected to start in mid-2020, said DP Energy, which had hoped to get building under way in 2017 but was delayed by the arrangements for transmission connections.
The 320MW renewable project is the first for Iberdrola in Australia, said country manager Fernando Santamaria. It is also the first of DP Energy's pipeline of projects to go ahead in Australia, with the others still in the early stages.
The project will tap the strong South Australian solar resource as well as thermal winds at the head of the Spencer Gulf, which are generated by the increasing temperature difference between land and sea through the day. Some 210MW of the total capacity will be wind power, with 110MW solar.
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