Massive Pumped Storage + Solar PV Project Closer to Reality

It’s the perfect location for a project like this because of the natural landscape. No dams will need to be built and the land will not be disturbed because it is a desert…“There is a big coastal mountain range very close from the ocean and [the landscape] has natural concavities, said Francisco Torrealba, co-founder of the company. “That is something that you rarely see anywhere else in the world,” he added…“This is most likely going to be one of the cheapest pumped storage plants in the world,” said Torrealba referencing the power auction held in Chile in early September where Valhalla bid $65.9 per MWh compared to gas at $69.9, hydro at $76.1, biomass at $85.6 and coal at $89.7.

“We actually came cheaper than hydro plants, cheaper than coal, cheaper than almost all natural gas plants,” he said.


About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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