Zen plots 1GW Oz bonanza
First board meeting since GFG took 50.1% stake approves strategic plan
The board of Zen Energy has approved a strategic plan to develop approximately 1GW of new renewables projects in Australia to supply large industrial companies.
The meeting, which was the first since the GFG Alliance purchased a 50.1% share in Zen, endorsed several new projects.
They include a 200MW solar project in Whyalla, comprising 80MW on a council industrial area and 120MW on land-owned by Liberty OneSteel.
Other projects are a 100MW battery at Port Augusta and a 120MW pumped hydro storage facility at a disused iron ore mine pit in the Middleback Ranges.
An additional 480 MW of solar capacity will also be installed to support the expansion of industrial capacity in Whyalla and industrial areas in South Australia.