Vast Receives Planning Consent for CSP-powered Solar Methanol Project in Port Augusta
PORT AUGUSTA, Australia, May 30, 2024 (GLOBE NEWSWIRE) -- Vast (Vast Renewables Limited) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant that will produce green fuels.
- PORT AUGUSTA, Australia, May 30, 2024 (GLOBE NEWSWIRE) -- Vast (Vast Renewables Limited) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant that will produce green fuels.
- Vast is co-developing SM1 with global energy company Mabanaft GmbH & Co. KG (Mabanaft).
- The planning consent is an important step forward as the SM1 project moves towards final investment decision.
- “Planning consent is an important milestone for this major project for Port Augusta and South Australia.