According to The Australian Financial Review, South Korea's Hana Financial Investment has acquired a 162-megawatt solar farm to be built in the booming solar power state of Queensland and which is underpinned by a huge power sales contract with state-owned CS Energy.
Queensland energy minister Anthony Lynham said the project, which would create 400 jobs, took the number of committed or operational large-scale renewable energy projects in the state to 41 since 2015. He said the solar farm would help drive Queensland towards its target of 50 per cent renewable energy use by 2030.
CS Energy will buy all of the output and sell it on to large commercial customers including Griffith University, Central Queensland University and Queensland University of Technology.
The solar farm will use special panels that absorb light from the front and the back, and a tracker system that allows them to follow the sun across the sky.
Luminous, for whom the project is its largest worldwide and its first in Australia, said the technologies could significantly increase energy generation compared with traditional designs.
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