The NSW Government and WestWind Energy have signed a lease agreement to facilitate Lake Victoria Wind Farm on Crown land in south-west New South Wales.
WestWind Energy is aiming to construct the wind farm over a 2-3 year period from 2029 to 2032, subject to planning approvals and community consultation.
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The project has an estimated capital expenditure of $3.8 billion and will have an installed capacity of up to about 1GW with an annual energy production of approximately 3,400GWh, capable of powering up to 700,000 homes.
The project will also include up to three battery energy storage systems with a total of 1,500MWh storage to provide a more secure and consistent supply of electricity.
Crown Lands has negotiated the agreement for a special purpose lease which would provide WestWind Energy with an initial 25-year lease with two 7-year options to extend the lease a further 14 years.
The lease agreement allows WestWind Energy to progress planning for its proposed Lake Victoria Wind Farm, would be located about 30km north-west of Wentworth near the Victorian border.
The project is listed on the NSW Planning website to be assessed as a State Significant Development once a development application is lodged.
Minister for Lands and Property Steve Kamper said, “The Lake Victoria Wind Farm proposal has the potential to deliver major economic investment, well paid regional jobs and more green energy for NSW.
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“The Lake Victoria Wind Farm is a significant clean energy initiative that can play a vital role in powering our economy for generations to come.
“The rental income will be reinvested into the Crown Reserves Improvement Fund to provide grants to maintain and improve Crown reserves across the state, such as regional showgrounds, war memorials and community sporting grounds.”
