Sun Cube signs $30m deal

SA: Green and Gold Energy to sign plans for private $30m, 15-megawatt solar farm possibly at Leigh Creek Woomera or Roxby Downs Plans for a private $30 million, 15-megawatt solar farm in one of the state’s most arid regions were likely to be signed off on 15 May 2007, reported The Advertiser (15/5/07, p. 3).

Would save investors 50pc off power bill: The public would be able to invest in the solar farm in a similar way that investors buy units in forestry companies. On 15 May, the chief executive of Green and Gold Energy, Greg Watson, met government electricity officials to put the finishing regulatory touches to a project he said would save domestic users more than 50 per cent off their power bill without having to install solar panels on their roofs.

Facility about 200,000sq/m: “I am confident there will not be any issues,” he said. Mr Watson, who invented SolarCube technology, said the 200,000 sq/m facility was likely to be located at Leigh Creek in Woomera or Roxby Downs.

The Advertiser, 15/5/2007, p.3

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