$900 million wind farm to sell power across state lines

$900 million wind farm to sell power across state lines
The Hornsdale Wind Farm has been selected to deliver power to the ACT

The Hornsdale Wind Farm, a 270MW renewable electricity project north of Jamestown in South Australia, is one of three local wind farms selected to deliver power to the Australian Capital Territory.

The 20-year deal will see the construction of the first stage of Hornsdale’s
$900 million wind farm in the mid-north of South Australia.

Developed by Neoen, the Hornsdale Wind Farm will provide 100MW of power to Canberra after winning a bid detailing how they could generate the greatest amount of renewable energy at the least price in what has been described as a ‘reverse auction’.

The first tranche of the wind farm is expected to be constructed by the end of 2016, and will deliver close to 20 per cent of ACT’s electricity needs.

Megawatt Capital principal Mark Schneider congratulated the ACT Government on its foresight.

“Through their innovation, the ACT has assumed the mantle of renewable energy leadership for the nation, demonstrating that renewable energy can be sourced at a cost-competitive price,” he said.

“The ACT have timed their landmark renewable energy program perfectly, taking advantage of a buyers’ market created by the ongoing uncertainty surrounding the Commonwealth Renewable Energy Target.”

The two other successful projects are The Ararat Wind Farm, an 80.5MW wind farm developed by RES Australia west of Ballarat, Victoria, and The Coonooer Bridge Wind Farm, a 19.4MW wind farm developed by Canberra company Windlab Limited wests of Bendigo, Victoria.

Clean Energy Council (CEC) chief executive Kane Thornton said new wind projects completely dried up in 2014 due to the uncertainty created by the Federal Government’s review of the Renewable Energy Target (RET).

“The three winners of the ACT Government’s wind energy reverse auction are some of the first new wind projects to be announced since the Federal Government commenced its RET review almost a year ago,” Mr Thornton said.

“The RET review has frozen renewable energy investment, put more than 21,000 jobs in jeopardy and hung $10 billion in existing large-scale investment out to dry.

“In this environment of uncertainty, state and territory governments have the opportunity to step up to the plate and back renewable energy, and the ACT Government is leading the way by driving investment in new wind projects.”