The SSPS has many advantages as follows: it provides power 24 hours a day without being affected by weather conditions, unlike terrestrial renewable energy sources; the solar irradiance in space is 40% stronger than that on the ground; power can be directed to different locations.
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Located at Rangitāiki, 35 kilometres east of Taupo, Nova and Meridian intend to enter into binding agreements in early 2025 including power purchase agreements for the electricity produced from the solar farm, with offtake shared 50-50 between the two parties.
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Solar panel equipped, energy transmitting satellites collect high intensity, uninterrupted solar radiation by using giant mirrors to reflect huge amounts of solar rays onto smaller solar collectors.
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Developed by San Jose Green Energy Corporation (SJGEC), a subsidiary of Rizal Green Energy Corporation (RGEC), the facility started exporting clean and renewable power to the Luzon grid last December 21, 2024 as part of its commissioning tests.
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