Cheap electricity during the daytime could become a reality in South Australia , thanks to a uniquely flexible deal signed with US firm SolarReserve , whose 150MW solar tower with molten salt storage project – known as Aurora - looks set to beat coal and gas at their own game . Aurora 's high storage levels make it an ideal dispatchable , base - cost project , while the deal inked allows SolarReserve to sell power at peak times to third parties . However , the deal is dependent on a $ 110 m equity partnership , which may be at risk following controversy surrounding CEO Nick Xenophon 's dual citizenship .
Cheap electricity during the daytime could become a reality in South Australia, thanks to a uniquely flexible deal signed with US firm SolarReserve, whose 150MW solar tower with molten salt storage project – known as Aurora - looks set to beat coal and gas at their own game. Aurora's high storage levels make it an ideal dispatchable, base-cost renewable, while the deal inked allows SolarReserve to sell power at peak times to third parties. However, the deal is dependent on a $110m equity partnership, which could be at risk following questions surrounding Senator Nick Xenophon's dual citizenship.