Australia Invests in Solar Like Nobody's Business

Cobra Energy is planning to construct a $1billion, 250 MW solar plant in the Australia.

From Inhabit:

When completed, Cobra’s plant will be powered by both photovoltaic panels and solar thermal technology, which uses boiled water to generate energy. Cobra’s key to effective solar thermal is the use of molten salts to store extra energy during the day. When the sun goes down, the salts can continue to generate power for another 7.5 hours.

The Cobra plant isn’t a done deal quite yet — the Spanish company is still deciding between a number of sites in Australia. And while Cobra has applied for funds under the Australian government’s $1.5 billion solar flagships program, it has yet to receive approval. But if the deal goes through, Cobra’s plant could provide over half of the country’s goal of 400 MW of solar power.