MND 0.91% $13.12 monadelphous group limited

QLD has a pile of sunshine and (apart from cyclones) not a lot...

  1. DSD
    15,757 Posts.
    QLD has a pile of sunshine and (apart from cyclones) not a lot of wind. So it makes sense that solar projects are dominant with new announcements seemingly every week. majority are from pvt enterprise incl today's example of a $500m spend. Firm is a massive Spanish group of companies of which CIM forms part. I'm not a renewables expert and wonder what power source steps in after say 4pm when solar effect fades rapidly.
    Can power 122,000 homes!

    Central Queensland to get $500m solar farm

    More than 1000 hectares of Queensland government land will be converted into one of the biggest solar farms in the southern hemisphere.
    Renewables firm Acciona Energy will finance, construct and operate the $500 million project, which is expected to power up to 122,000 households at full capacity.
    At the Aldoga site on Friday, State Development Minister Cameron Dick said the solar farm would provide 240 temporary construction jobs and 10 ongoing positions once complete in 2020.
    Mr Dick said the project would also deliver a much-needed economic boost to the once-thriving mining region.
    "By setting that target of 50 per cent renewable energy production in Queensland by 2030, we can attract this sort of investment," he said.
    "We've got one of the youngest gas and coal-fired power generating fleets in Australia and those power generators will still have a significant role to play when it comes to energy production, but we're now going to plug in the sun."
    https://www.theaustralian.com.au/ne...m/news-story/f47fde304b4da4e1e58721f846561b1f
 
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