Baker McKenzie advises SolarReserve on winning contract to build a $650 million solar power thermal plant dubbed the 'biggest of its kind in the world'
Baker McKenzie has advised SolarReserve in successfully being awarded the green light to proceed with a solar thermal power plant to supply the South Australian Government’s power needs.
A key part of the State Government’s Energy Plan, the 150MW solar thermal power plant at Port Augusta, called Aurora, will create 650 local jobs during construction and 50 ongoing positions. Construction of the AUD$650 million facility will begin in 2018.
Baker McKenzie's team was lead by James P. O'Brien and Sean Duffy. Sean Duffy stated: “We are proud to have supported SolarReserve on the Aurora Project to date, in particular in respect of negotiations with the South Australian Government, and we recognise the Aurora Project’s significant and positive implications for South Australia and the National Electricity Market.”
South Australian Premier Jay Weatherill commented: "We are supporting this nation-leading renewable energy project because it will deliver more competition into our energy market and put downward pressure on power prices for households and businesses."
SolarReserve CEO Kevin Smith stated: "SolarReserve’s energy storage technology is an excellent fit for the South Australian electricity system."
Aurora will generate electricity and allow for storage, meaning that dispatch can occur during high-price periods - even when the sun isn’t shining. This will have the added benefits of improving grid security and stability, and allowing for greater levels of renewables to be integrated into the system.
James and Sean were assisted by a Baker McKenzie team comprising Dan Middleton, Aylin Cunsolo, Louis Zetlin and Sarah Merrett.