“The high cost of energy for Australian consumers is debilitating for the economy and a crying shame for a country so rich in resources,” said Sanjeev Gupta, executive chairman of GFG Alliance. “We clearly see a need for industrial groups and energy generators to work together.”
GFG Alliance, which recently bought Australian steel producer Arrium, said that it aims to invest in large-scale power projects in the country. However, it did not disclose the terms of its agreement with ZEN Energy. It also did not reveal the size of the stake it purchased.
In addition, it failed to outline its specific plans for the Australian solar and energy-storage markets, beyond saying that ZEN Energy would work with SIMEC Energy to provide electricity for the latter side’s mining sites in South Australia. They will also jointly generate electricity for Liberty OneSteel’s businesses in South Australia, Victoria, New South Wales, Queensland, and Western Australia.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.