Construction starts at 19.4-MW wind farm in Australia
Vestas turbines at the 420-MW Macarthur wind farm in Australia. Courtesy of Vestas Wind Systems A/S
Construction starts today of the 19.4-MW Coonooer Bridge wind farm in the Australian state of Victoria, worth AUD 50 million (USD 38m/EUR 34m), its developer Windlab Ltd said in a statement.
Japan’s Eurus Energy Holdings Corp this spring acquired an 80% stake in the project, while Windlab and the local community own the rest. Eurus and Australia and New Zealand Banking Group Ltd (ASX:ANZ) are financing the park.
The wind farm will comprise six 3.3-MW turbines made by Vestas Wind Systems A/S (CPH:VWS) and installed on towers by Australia’s Keppel Prince Engineering. Full commercial operations at Coonooer Bridge are expected by February 2016.
Upon completion, the wind park will be producing as much power as 14,000 local homes need annually. In January 2015, it won a 20-year feed-in tariff (FiT) from the ACT Government and will be selling its output at a fixed price of AUD 81.50 per kWh.
In late June the Australian parliament passed a legislation that restored bipartisan support for the country’s Renewable Energy Target (RET) following 18 months of uncertainty.