Amsterdam-based renewables developer Photon Energy NV (WSE:PEN) said on Friday that it expects to reach the final investment decision (FID) on its 200-MW solar and thermal storage project in South Australia by around mid-2024.
Dubbed Yadnarie, the project will utilise high-tech solar modules and long-duration energy storage technology developed by Photon’s investee RayGen Resources Pty Ltd, where cold and hot water kept in insulated reservoirs serve as the storage medium. The temperature difference is exploited to generate electricity with organic Rankine cycle (ORC) turbines.
RayGen showcased its technology in the recently inaugurated 4-MW solar photovoltaic and 2.8-MW/50-MWh thermal storage plant in Carwarp in the Australian state of Victoria.
Photon’s Yadnarie solar PV plant will be coupled with 115 MW of thermal storage at a 960-hectare (2,372 acres) site in South Australia’s Eyre Peninsula. The project is part of the company’s 1.2-GWp pipeline, Photon said.
