Vast Solar Pty Ltd is pleased to announce the sale of its 60MWDC Jemalong Solar PV Project (the Project) to Genex Power Limited. On September 7 2018 Genex announced to the ASX that they have entered into a Sale and Purchase Agreement for 100% acquisition of the Project that is located near Forbes in the central west region of NSW.
“We developed the Jemalong Solar PV Project as part of our overall corporate development plan for Vast Solar and the commercialisation of our concentrated solar thermal power (CSP) technology. The Project is commercially significant to us and it has been a very valuable technological and regulatory learning journey for the whole team. In time, this knowledge will be integral to enabling Solar PV and CSP plants to share infrastructure to deliver dispatchable power from renewable energy sources 24 hours a day” Craig Wood, Vast Solar CEO, said.