Lyon Group builds a power plant 5 times more powerful than the Tesla project

Lyon Group builds a power plant 5 times more powerful than the Tesla project

The Australian company Lyon Group plans to build the largest solar power plant, which can outshine even the Tesla project. The plans of the developers to build an alternative power plant Riverland Solar Storage, the capacity of which will be 5 times greater than the Tesla project.

The company reports that the cost of building a solar plant with a capacity of 330 MW will amount to $ 530 million. On the territory of the power plant, it is also planned to construct a reserve storage facility with a capacity of 400 MWh and a capacity of 100 MW for $ 150-220 million. In total, the construction of the entire complex will cost approximately $ 750 million.

The plant will have 3.4 million solar panels installed, and the storage will consist of 1.1 million powerful batteries. Riverland Solar Storage will be able to accumulate much more solar energy than similar existing projects.

The main investors of this project were Lyon Group in cooperation with Blackstone Mitsubishi and Magnetar Capital. Together, the companies will build the largest alternative energy power plant, which is able to put Australia’s energy sector at a completely different level.