Australia to part-fund world's largest solar power plant

The Australian government today announced it will help build the largest solar power plant in the world as part of a new strategy to combat global warming.

The Canberra government, under fire for refusing to sign the Kyoto Protocol on reducing greenhouse gas emissions, will contribute AUS$75m (€45m) to the AUS$420m (€254m) project to built a 154 megawatts solar power plant in Victoria state which will use mirrored panels to concentrate the sun’s rays, Treasurer Peter Costello said.