Natcore, Denzo to Double Scope Of Queensland Solar Farm; Partnership Will Add Denikon, Italian Solar Energy Company

Natcore Technology Inc. (TSXV:NXT), in partnership with Denzo Group Australia, has increased the size of a solar project planned for Bundaberg, Australia. Bundaberg is in the Wide Bay-Burnett region of Queensland.
Originally announced as a 30-megawatt solar farm on a 90-hectare site, the project will now be a 58-megawatt farm on a 188-hectare site and will have land set aside for a proof-of-concept battery storage facility. Denzo has secured the land, has advanced negotiations with the Powerlink, the transmission owner, and has filed a predevelopment application to the Bundaberg Regional Council, receipt of which has been acknowledged.
Denzo has a pipeline of 200 megawatts of large-scale solar projects in progress in the east coast of Australia, Queensland, and New South Wales.
“Our intention is to use Natcore’s best-of-breed innovation to produce a working example of the very latest solar generation technology, coupled with the best storage available to generate stable electricity at a realistic capital investment and a bankable ROI [return on investment],” says Ken Mathews, managing director of Denzo.
Under its best-of-breed program, Natcore functions as a consultant or general contractor on the design and construction of solar cell/solar panel fabrication facilities and solar power farms. As part of this service, Natcore recommends a selection of manufacturing equipment to its clients. Clients would also gain exclusive access, on a geographical basis, to Natcore’s newest technologies, including black silicon, laser processing and rear contact technology as those technologies come on-line.
To develop the Queensland project, Natcore and Denzo plan to form Clean Holdings Pty. Ltd., a special-purpose vehicle in Australia.
“This project is moving along nicely,” says Natcore president and chief executive officer Chuck Provini. “We’re mostly dealing with the private sector here, so there are precedents that help guide us from beginning to end, including predictable cost and pricing models.”
About Natcore Technology Inc.
Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 65 patents (31 granted and 34 pending), Natcore is on the leading edge of solar research.
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