Close X
Saturday, December 14, 2024
ADVT 
International

India-Born British Billionaire Sanjeev Gupta Launches Renewable Plan In Australia

IANS, 16 Aug, 2018 01:13 PM
    India-born British billionaire Sanjeev Gupta has launched a $1 billion, one-gigawatt renewable energy plan based in South Australia's mid-north that he says will lead the country's industry transition to more competitive power.
     
     
    In the first of a number of projects slated for the upper Spencer Gulf region, will include a 120MW lithium-ion battery bigger than the 100MW battery built by Elon Musk's Tesla in South Australia in 2017, according to details released by Gupta's energy company Simec Zen of its Cultana Solar Farm. 
     
     
    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 on Wednesday.
     
     
     
     
    "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, reports said.
     
     
    However, the Gupta Family Group (GFG) Alliance has no intention to stop there with plans for pumped hydro projects and expanded solar farms being developed for South Australia.
     
     
    "All of these projects will not only improve reliability and greatly reduce the cost of electricity in our own operations, they will also provide competitive sources of power for other industrial and commercial users, while at the same time playing a key role in the market's transition towards renewables," he said.
     
     
    "We have a strong conviction that traditional carbon-intensive generation sources do not have a long-term future as the predominant source of power in Australia and globally.
     
     
    "We believe the world is undergoing a momentous transition to renewable power as the cost of renewables drops dramatically and quickly," he added.

    MORE International ARTICLES

    Soon, Indians Visiting Sri Lanka To Be Exempted From Visa

    India topped the number of tourist arrivals in Sri Lanka at 206,337 followed by the Chinese tourist whose figures stood at 136,294.

    Soon, Indians Visiting Sri Lanka To Be Exempted From Visa

    Indra K. Nooyi To Quit As PepsiCo CEO; Will Remain Chairman Till Early 2019

    Indra K. Nooyi To Quit As PepsiCo CEO; Will Remain Chairman Till Early 2019
    Indian American business executive Indra K. Nooyi will step down as the Chief Executive of food and beverage major PepsiCo Inc in October, the company said on Monday.

    Indra K. Nooyi To Quit As PepsiCo CEO; Will Remain Chairman Till Early 2019

    Sikh Man Surjit Singh Malhi Beaten On Head With Rod In US, Told ‘Go Back To Your Country’

    Sikh Man Surjit Singh Malhi Beaten On Head With Rod In US, Told ‘Go Back To Your Country’
    The 50-year-old man was placing signs for local candidates when two white men wearing black hooded sweatshirts ambushed him and beat him to the ground.

    Sikh Man Surjit Singh Malhi Beaten On Head With Rod In US, Told ‘Go Back To Your Country’

    Is Size Of Turban Part Of Sikh Religion, Asks Supreme Court

    Is Size Of Turban Part Of Sikh Religion, Asks Supreme Court
    The Supreme Court on Friday sought to know if the topknot/ half or bun turban (patka) can be worn by Sikh athletes with helmets during participation in sporting events such as cycling, if it doesn't affect their faith".

    Is Size Of Turban Part Of Sikh Religion, Asks Supreme Court

    Pakistan's First Sikh Cop Gulab Singh, Who Was Allegedly Dragged Out Of Home, Sacked

    Pakistan's First Sikh Cop Gulab Singh, Who Was Allegedly Dragged Out Of Home, Sacked
    The cop, Gulab Singh has been dismissed from being absent from for over three months, a traffic police spokesperson said.

    Pakistan's First Sikh Cop Gulab Singh, Who Was Allegedly Dragged Out Of Home, Sacked

    BBC Withdraws Controversial Immigration Film With South Asian Characters

    BBC Withdraws Controversial Immigration Film With South Asian Characters
    The BBC has been forced to withdraw a documentary film which had animated images of South Asian characters aimed at making schoolchildren more aware about the country’s immigration debate, it emerged on Friday.

    BBC Withdraws Controversial Immigration Film With South Asian Characters