The Australian Renewable Energy Agency has terminated its funding for the Whyalla SolarOasis project. The $230 million project was to be partly funded through a $60 million commonwealth grant under the Renewable Energy Demonstration Program.

The Whyalla SolarOasis Power Plant would use 300 Wizard Power Big Dish solar thermal concentrators to deliver a 40 MW of solar thermal power plant.

The Federal Government withdrew its funding from the project because the developers failed to meet its conditions. The Government said the group was welcome to submit an alternative funding application.

Whyalla City Councillor, Giles Eddie Hughes said that "The original timetable for projects under the REDP grant program was for funding deeds to be signed in July 2009… Instead it took almost three years for the funding deed for the Whyalla project to be signed (by the Government)… It is clear that this very protracted process has had significant impacts on the project and its proponents."