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Solar hydro power to Whyalla steel works

Calla Wahlquist |  29 November 2017

The clean energy company Zen Energy has approved a $700m solar, battery and pumped hydro project at the South Australian town of Whyalla to power the OneSteel steelworks at Whyalla.

The project was announced on Monday after the British billionaire Sanjeev Gupta, who bought the Arrium steelworks from receivers on 31 August, chaired his first Zen Energy board meeting in Adelaide.

Gupta’s company, GFG Alliance, bought a 50.1% stake in Zen in September as part of its plan to power the steelworks.

The new energy project, which will be the largest solar and power storage investment in Australia, is intended to provide one gigawatt of additional dispatchable renewable energy assets to major industries on the Eyre peninsula, including Gupta’s OneSteel.

 


Calla Wahlquist

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