Solar projects gives renewable target boost

31 Aug, 2011 07:26 AM

GLOBAL giant GE's first investment in a solar project in Australia have given the sector a timely boost as doubts build over the federal government's renewable energy target.

GE announced a $15 million investment in a public-private partnership with the West Australian government yesterday to build a 10 megawatt solar plant, The Australian Financial Review reports.

GE Capital Australia head of energy financial services Jason Willoughby said the panels would help ensure large-scale solar power was viable in Australia.

"We see this very much as a globally competitive project," he said.

State-owned generator Verve Energy will provide matching funding and the WA government will add $20 million to complete the plant.

The Australian Financial ReviewSource:


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