Monday 3rd June 2019

GFG Alliance enters strategic partnership with Shanghai Electric to deliver globally competitive renewable energy in Australia

Image Caption: President of Shanghai Electric, Huang Ou and GFG Alliance Executive Chairman and CEO, Sanjeev Gupta at today's signing event.

Shanghai: SIMEC Energy Australia (SEA), a member of Sanjeev Gupta’s global GFG Alliance, today signed a key strategic partnership with Shanghai Electric for engineering, procurement and construction (EPC) for the Cultana Solar Farm project in South Australia.

The agreement was signed by GFG Alliance Executive Chairman and CEO, Sanjeev Gupta, and President of Shanghai Electric, Huang Ou, in the presence of representatives from key supporting financial institutions.

Landmark renewable project

Cultana is the first project of SIMEC Energy Australia’s landmark US$1 billion, 1GW dispatchable renewable energy program in South Australia. With capacity of 280MW, Cultana is expected to produce around 600GWh of energy per year, powering GFG’s Whyalla Steelworks and a range of key government and commercial customers.

Set to be one of Australia’s largest solar farms, Cultana will deliver a range of benefits to the local community, increasing reliability and security of the state’s electricity supply and environmental benefits. The project is set to boost local employment, with ~350 positions during construction.

“Cultana Solar Farm is an ambitious project that will deliver globally-competitive renewable energy on a large scale to power-heavy industry. It is a great step forward in our vision to revitalise industry and we look forward to working with our partners to bring our renewables projects to life,” Mr Gupta said.

GFG previously announced its ambition to invest in up to 10GW of large-scale solar and other renewables projects across Australia, supporting industry.

Securing global expertise

Experienced leader, Shanghai Electric, will provide EPC for the Cultana project. Shanghai Electric’s global expertise includes the completion of the world’s largest concentrated solar power project in Dubai.

“We are fortunate and grateful to have the global expertise of Shanghai Electric,” Mr Gupta said. “Shanghai Electric have embodied the best form of partnership, working hand in glove with our people in Whyalla to develop the project. We are confident of their performance, to deliver this project on time, and on budget, to the highest standards, supporting our commitment to the creation of hundreds of new local jobs in South Australia.”

Part of a greater vision

The Cultana project will play a key role in the development of the visionary 10 Mtpa Whyalla Next-Gen steel plant project and industry revitalisation strategy championed by GFG. “Our planned Next-Gen project will ignite a new industrial revolution in Australia. These projects are shining examples of GFG’s commitment to create a sustainable future for industry and build stronger local communities,” Mr Gupta said.

Further information contact:

Sean Kelly – Media and Communications Manager, GFG Alliance
+61411 054 643

Tracey Sen – Head of Communications, GFG Alliance
+61436 488 602

Share this page
Archives