SolarReserve Partners with OZ Minerals to Commission New High Voltage Electricity Infrastructure for South Australia

New transmission line will support SolarReserve’s Aurora solar
thermal project as well as OZ Minerals’ Prominent Hill mine and
Carrapateena project

ADELAIDE, Australia–(BUSINESS WIRE)–#Australia—SolarReserve
and OZ
Minerals have entered into a long term agreement to commission a new
high voltage electricity transmission line in South Australia. The high
voltage power line will meet the companies’ current operational
requirements and accommodate their growth strategy for the region.
Collaborating on a single transmission line to support current assets
and future growth also helps protect and respect the environment and
Aboriginal heritage by minimising impacts on the landscape.

Unlocking the Far North for Future Mining and Renewable Energy
Projects

The new line will support SolarReserve’s Aurora
Solar Energy Project as well as OZ Minerals’ Prominent Hill mine and
Carrapateena project, all of which will create thousands of jobs for the
State.

“We are excited to partner with OZ Minerals in this key initiative that
brings together two private companies to develop a major piece of
infrastructure for South Australia, resulting in a well-thought out
project that will meet today’s needs and enable tomorrow’s
opportunities,” said SolarReserve’s CEO Kevin Smith.

SolarReserve hopes to build six solar thermal projects in South
Australia over the next ten years, with the goal of building a new
industry that boosts the State’s economy and provides South Australia
with affordable, and reliable clean power.

The New Transmission Line

In total the line will be 270 km long with OZ Minerals and SolarReserve
equally sharing operational costs for the first 35 km of the line.
ElectraNet has been engaged to provide preliminary services for the
design and tender of the new transmission line solution. This
preliminary work is underway with the line expected to be operational by
mid-2020.

OZ Minerals Chief Executive Officer Andrew Cole said, “As well as
supporting SolarReserve’s Aurora Solar Energy Project, this new
transmission line will enhance security of power supply, enable the
execution of OZ Minerals’ Prominent Hill mine plan, reduce line losses
for Carrapateena operations and provide future optionality for province
expansion at Carrapateena. It has the capacity for additional projects
to draw power or input generation, unlocking the Far North for future
mining and renewable energy projects. We look forward to working with
SolarReserve to explore additional renewable options for our other
projects, such as West Musgrave.”

About SolarReserve

SolarReserve is a leading global developer, owner and operator of
utility-scale solar power projects, with more than $1.8 billion of
projects in operation worldwide. The company has
commercialised its proprietary ThermaVault advanced solar thermal
technology with integrated molten salt energy storage that delivers
renewable energy that is dispatchable 24/7. The technology is now one of
the world’s leading energy storage technologies, and allows solar energy
to operate like traditional fossil-fired and nuclear electricity
generation – except the fuel is the sun which means zero emissions, zero
hazardous waste, and zero dependence on fuel price volatility.

Since the company's formation in early 2008, SolarReserve's experienced
team has assembled a pipeline of over 13 gigawatts across the world's
most attractive, high growth renewable energy markets. SolarReserve is
headquartered in the U.S. and maintains a global presence with six
international offices to support widespread project development
activities across more than 20 countries.

Contacts

Media:
SolarReserve
Mary Grikas, +1 310 315 2274
[email protected]