News Feed Item

Solar Systems Completes Landmark Saudi Arabian Power Facility

Solar Systems Pty Ltd, a wholly owned subsidiary of Silex Systems Limited (ASX:SLX) (OTCQX:SILXY), has today announced the completion of a 1MW solar power generation facility at the Nofa Equestrian Resort near Riyadh, Saudi Arabia.

Completion of the 28-dish, diesel replacement facility marks an important milestone for Solar Systems as the first international deployment of the Company’s unique ‘Dense Array’ Concentrated Photovoltaic (CPV) technology.

The facility also gives Solar Systems a presence in one of the world’s largest emerging renewable energy markets. The KSA plans to build 41GW of solar energy generating capacity over the next two decades under a $US109 billion competitive procurement program administered by the King Abdullah City for Atomic and Renewable Energy (KA CARE).

The Kingdom plans to generate a third of its electricity from solar energy by 2032 to partly offset approximately $US100 billion (at current oil prices) of annual export revenues lost due to domestic oil consumption.

Silex Systems CEO Michael Goldsworthy said local conditions in the Kingdom of Saudi Arabia suited deployment of Solar Systems’ CPV technology.

“The Kingdom of Saudi Arabia has a high Direct Normal Irradiance (DNI), very high average daily temperatures and negligible cloud cover, making it well-suited to Solar Systems’ technology,” Dr Goldsworthy said.

“There are significant opportunities to develop solar projects in Saudi Arabia.”

“Interestingly, KA CARE will also be responsible for the roll-out of a significant nuclear power program under plans to build 18GW of nuclear generating capacity, or around 16 large nuclear power plants. This is positive for our foundation technology, the SILEX laser uranium enrichment process, being commercialised by GE-Hitachi Global Laser Enrichment in the US.”

In relation to the Nofa Project, Solar Systems’ CEO Chris Murray said: “We are looking forward to building on this cornerstone project in Saudi Arabia as it progresses with what is arguably the world’s largest solar power investment program, further details of which are expected to be released in the coming months.”

“The commercial deployment of the technology at the Nofa facility broadens our exposure in the key Middle Eastern markets and establishes our unique CPV technology in a different setting to Australia. The performance of the Nofa plant will be monitored to further optimise our unique solar CPV technology. We also wish to acknowledge the invaluable support of the Nofa Equestrian Resort, owned by His Highness, Prince Sultan Bin Mohammed Bin Saud Al Kabeer and of project partners Al Khafrah Group Holdings and its associates, chaired by Sheikh Mubarak Al Khafrah.”

KA CARE officials recently visited the site and have taken a keen interest in the operation of the Nofa solar plant.

The Nofa solar power facility is now supplying clean energy into Nofa’s internal grid. An official opening is planned for June 2014.

Further information on the Company’s activities can be found on the Silex website: www.silex.com.au or by contacting the persons listed below.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve fu...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.