PRESS RELEASE: THURSDAY 6 AUGUST 2015
Pegasus Legal advises Solea AG on its market entry in Australia on a solar/diesel project
Pegasus Legal would like to congratulate its client Solea AG on the impending market entry into the Australian offgrid hybrid solar market. Solea AG will partner with Zenith Pacific in the set-up of a joint venture business which will be tasked with delivering the solar component for Sirius Resources’ Nova hybrid diesel/solar power station. Sirius Resources has now nominated Zenith Pacific as its preferred tenderer for the Nova power station.
The 6.7 MW solar power station will be delivered at zero capital cost to Sirius Resources and will produce about 12.5 million kWh per year and reduce carbon emissions by approximately 8,000 tonnes CO2-e per year of. The solar facility will be delivered within a time frame of 20 weeks.
This project shows the superior economic benefits of hybrid solutions at the current stage of renewable technology development. Similar to the car industry, a close cooperation between suppliers of traditional power generation technology and renewable energy technology will be the paradigm for years to come until storage technology is further developed.
The work for Solea AG follows Pegasus Legal’s recent success with another Western Australian project deploying a solar/battery facility into a diesel network.
The team at Pegasus Legal has advised on a wide range of leading solar projects around the world including Australia, Europe, South Africa, Thailand, Philippines and Japan. For further information please contact Directors Gerald Arends or Swati Johri.