Natcore Technology, in partnership with Denzo Group Australia, has increased the size of a solar project planned for Bundaberg, Australia.
Originally announced as a 30 MW solar farm on a 90-hectare site, the project will now be a 58 MW farm on a 188-hectare site, and will have land set aside for a proof-of-concept battery storage facility.
Denzo has a pipeline of 200 megawatts of large-scale solar projects in progress in the east coast of Australia, Queensland and New South Wales.
“Our intention is to use Natcore’s ‘Best of Breed’ innovation to produce a working example of the very latest solar generation technology, coupled with the best storage available to generate stable electricity at a realistic capital investment and a bankable ROI,” says Ken Mathews, managing director of Denzo.
To develop the Queensland project, Natcore and Denzo plan to form Clean Holdings Pty Ltd., a Special Purpose Vehicle in Australia.
“This project is moving along nicely,” says Natcore president and CEOÂ Chuck Provini. “We’re mostly dealing with the private sector here, so there are precedents that help guide us from beginning to end, including predictable cost and pricing models.”