Tuesday, August 21, 2012

Australia's reverse solar auction delivers 'remarkable' results

Australia's reverse solar auction delivers 'remarkable' results
The ACT government will not be releasing results of its first auction for large-scale solar for another couple of weeks, Corbell tells the Australian Solar Energy Society’s East Solar conference in Melbourne.
“But what I can tell you today is that Canberra’s Big Solar auction is already delivering some remarkable results,” he says.
Under the scheme, the price to be paid for electricity generated from successful projects will be set by a competitive bidding process.
From a total of 49 proposals from 27 proponents, 10 projects from six qualified for the initial “fast- track” auction for 20MW.
The Entire Article Can be read at Recharge News

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