Areva, Unable to Obtain Funding, Scraps Australia Solar Plan
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A venture including Areva SA abandoned plans for a A$1 billion ($1 billion) solar-thermal project in Australia after failing to get government funding.
The Australian Renewable Energy Agency, established last year to spur investment in the industry, is “no longer pursuing development” of the 250-megawatt Solar Dawn plant in Queensland state, it said today in a statement. ARENA also said it won’t fund a solar power project in Victoria state proposed by CLP Holdings Ltd.’s Australian unit, EnergyAustralia.