The sun has set on what would have been Australia?s largest solar power plant, with the consortium behind the scheme stopping the project.
The move comes after Queensland?s conservative Liberal National Party state government withdrew $75 million worth of funding for the $1.2 billion scheme, which had been promised by the former Labor state government.
The funding agreement with the federal Labor government, which had promised a contribution of $464 million also lapsed because of a timing issue, a consortium spokeswoman said.
?The process of developing major power projects remains complex and time-consuming, particularly given we are competing in a dynamic energy market,? the spokeswoman said.
Construction of the 250 megawatt solar thermal power plant near Chinchilla, in southwest Queensland, was due to begin in 2013, creating up to 450 temporary and 30 permanent jobs.
The Solar Dawn Consortium had vowed to push through with the plant despite the funding withdrawal saying it would try to secure other backers.
Consortium spokesperson Anthony Wiseman has now confirmed it will not pursue the development.
?The announcement follows extensive discussions with the Australian Renewable Energy Agency (ARENA) on options to move the project forward in response to dynamic market condition,? Mr Wiseman said in a statement.
?With ARENA soon to embark on a range of new initiatives, we look forward to sharing our experience and working with ARENA to help build Australia?s clean energy future.?
Friends of the Earth Brisbane spokesperson Bradley Smith said it is a significant loss for Queensland.
?These types of power plants are a key in our transition to clean energy,? he said.
?There?s a path here away from dirty energy, and I implore Queenslanders and our Government to support it, because the alternative is a grim future for our reef and for our children,? Mr Smith added.
Source: http://econews.com.au/news-to-sustain-our-world/sun-sets-on-aust-largest-solar-power-plant/
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