Close X
Saturday, January 11, 2025
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

    Acadia University Launches Investigation Of Controversial Professor Rick Mehta

    Acadia University has launched a formal investigation into complaints against a professor over controversial comments he made on social media and in the classroom.

    Acadia University Launches Investigation Of Controversial Professor Rick Mehta

    ISIS-Linked Indian-Origin Girl, Associate Held In British Couple Abduction Case

    ISIS-Linked Indian-Origin Girl, Associate Held In British Couple Abduction Case
      South African special police unit Hawks have arrested an Indian-origin woman and her partner, both allegedly linked to ISIS, on charges of abducting a British couple.

    ISIS-Linked Indian-Origin Girl, Associate Held In British Couple Abduction Case

    Pak Hindus Object To Oath-Taking Of Lawmaker Accused Of Murdering Sikh Leader Sardar Soran Singh

    Pak Hindus Object To Oath-Taking Of Lawmaker Accused Of Murdering Sikh Leader Sardar Soran Singh
    Baldev Kumar, who is in jail in the murder case of Sikh lawmaker Sardar Soran Singh, was to be produced in the Khyber Pakhtunkhwa Assembly today.

    Pak Hindus Object To Oath-Taking Of Lawmaker Accused Of Murdering Sikh Leader Sardar Soran Singh

    No Fundamental Change In H-1B Visa Programme: US Diplomat

    No Fundamental Change In H-1B Visa Programme: US Diplomat
    The H1-B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

    No Fundamental Change In H-1B Visa Programme: US Diplomat

    I Love Indian Media, Says Donald Trump Jr

    I Love Indian Media, Says Donald Trump Jr
    Donald Trump Jr, son of US President Donald Trump, on Friday said he loves the Indian media as it is "mild and nice" compared to the "aggressive and brutal" American media.

    I Love Indian Media, Says Donald Trump Jr

    US Teachers Say #ArmMeWith Resources, Not Guns

    US Teachers Say #ArmMeWith Resources, Not Guns
    Teachers across the United States have come up with an innovative campaign to reject President Donald Trump's controversial proposal of arming teachers with concealed guns and weapons.

    US Teachers Say #ArmMeWith Resources, Not Guns