January 21 (Renewables Now) - Construction has been launched on Tilt Renewables Ltd’s (NZE:TLT) 336-MW Dundonnell wind project in Victoria, the New Zealand-based developer announced.
The wind farm, calling for an investment of AUD 560 million (USD 401.4m/EUR 352.8m), is expected to become operational in the third quarter of 2020. Its construction will take about 22 months, with related transmission works scheduled to last about 14 months, Tilt Renewables said last week. The required transmission infrastructure will be set up by AusNet Services (ASX:AST).
The Dundonnell plant, to be installed north-east of Mortlake in Western Victoria, will use 80 Vestas turbines that are seen to produce enough electricity to power around 245,000 homes per year. Tilt Renewables last year contracted around 87% of the plant’s output through a deal with the Victorian government under the state’s contract for difference scheme and also has in place a 15-year power purchase agreement (PPA) with Snowy Hydro Ltd. Financial close on the project was achieved in November 2018.
Around 200 jobs will be created during the construction phase of the project and many of them will be sourced locally.
(AUD 1.0 = USD 0.717/EUR 0.630)