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 . CSP is alive and well in China and maybe has finally a good chance of life in Australia.” 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 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 .