US firm SolarReserve has received development approval for a 150MW Aurora solar energy project in South Australia.

Located 30km north of Port Augusta, final approvals for the project are scheduled to be obtained in the first half of this year.

South Australia Acting Energy Minister Chris Picton said: “It’s fantastic that SolarReserve has received development approval to move forward with this world-leading project.

“[The project] will create a total of around 700 construction and ongoing jobs in Port Augusta.”

“This approval triggers an investment of about A$650m ($509.09m), will create a total of around 700 construction and ongoing jobs in Port Augusta and will add new competition to the South Australian market, putting downward pressure on power prices.”

The new project will utilise the company’s solar thermal technology with integrated 1,100MWh capacity molten salt energy storage.

Power produced from the facility will meet the annual electricity needs of all of the state’s schools, hospitals, police stations and government buildings.

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During construction, SolarReserve expects to create 4,000 direct, indirect and induced jobs.