Goldman Sachs and BHP Billiton Ltd Supports Solar Project for Australian Banana Plantation

Bloomberg Markets reported that Goldman Sachs and BHP Billiton Ltd are supporters of a remote solar project situated among banana crops in Australia’s tropical northeast.

The project is being developed by Conergy Asia & ME Pte. Ltd. BHP is expanding its interest in solar power in Chile, the United States and Australia, Goldman has been investing in renewable across Asia and is currently arranging a $1 billion energy bond in Japan.

Battery storage is one solution we are exploring that may transform the way the resources sector accesses electricity, we are working in partnership to accelerate development of new technologies that can materially reduce emissions but have not yet been delivered at acceptable cost.

Graham Winkelman, head of BHP’s climate change practice

The cost of the combined battery storage and solar projects are expected to be on average about 30% through 2030 according to an estimated report by the Bloomberg New Energy Finance.

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