Bloomberg News

Areva Studies Projects in Australia After Ending Solar Dawn Plan

November 13, 2012

Areva SA (AREVA) said it’s considering a “pipeline of opportunities” in Australia after scrapping its proposed A$1 billion ($1 billion) Solar Dawn project in Queensland state and failing to get government funds.

The Paris-based company’s solar unit looks forward to working with the Australian Renewable Energy Agency to expand the industry, it said today in an e-mailed response to questions. The government agency said Nov. 12 that it wouldn’t fund the planned 250-megawatt Solar Dawn plant.

Australia is continuing talks with two other solar-power projects involving Pacific Hydro Pty and Suntech Power Holdings Co. (STP:US) about funding their proposed developments as the country moves toward a target of getting 20 percent of its power from renewable energy by the end of the decade.

Areva is helping CS Energy build the A$104.7 million Kogan Creek Solar Boost project integrating solar technology with a coal-fired power station in Queensland, its website shows.

“The company is also pursuing a pipeline of opportunities in Australia and looks forward to continuing to work with parties in the market who are currently putting plans in place to meet their renewable energy targets and reduce their carbon footprint,” according to the statement today.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net


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