MEDIA RELEASE Alinta Energy’s investigation into solar thermal generation in Port Augusta 1 April 2015 Alinta Energy has now completed the next stage of investigations of its study into the feasibility of installing solar thermal generation at Port Augusta, South Australia. The Draft Balance of Study Report (Milestone 3 Report) rounds out the Options Study and Siting Study previously released. Following a robust investigation into the specific technology and site options identified, Alinta Energy has determined that even under optimistic capital cost and operating cost assumptions there is a significant funding gap preventing solar thermal generation from being economically viable at this time. These conclusions have been formed following extensive industry consultation, involving third-party engineering firm Parsons Brinckerhoff and renewable energy specialists IT Power, and in the context of current national electricity market dynamics, including falling demand for power. Prior to finalising Stage 1 of the feasibility study, Alinta Energy will further investigate and explore the impact of different plant configuration and dispatch methodologies on economic viability. Alinta will also investigate emerging solar thermal technologies that may be commercial in the near term. These investigations will be concluded prior to the release of the Final Balance of Study Report (Milestone 4 Report), in mid-2015. Publication of the Draft Balance of Study Report (Milestone 3 Report), as well as previous Milestone Reports and media releases, are now available on the Alinta Energy website (alintaenergy.com.au/solarthermal). Alinta Energy will be holding a Stakeholder Briefing session on the Draft Balance of Study Report in Port Augusta in late April. To register your interest, visit the Alinta Energy website (alintaenergy.com.au/solarthermal). The feasibility study is a joint initiative being conducted with support from the Australian Renewable Energy Agency (ARENA) and the South Australian Government. Media Contact: Amy Smith T: 02 9375 0966 M: 0404 720 888 E: [email protected] www.alintaenergy.com.au
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