- Press Releases
September 4 (Renewables Now) - Australian company Pilot Energy Ltd (ASX:PGY) today said it is launching a feasibility study into an offshore wind project of up to 1.1 GW in Western Australia, in the area of its 60%-owned Offshore Exploration Permit WA-481-P.
The project supports Pilot’s plan to “transition the focus of the company from pure oil & gas exploration to an energy transition strategy based on gas supply, energy storage and renewables.”
The concept for the Mid West Wind and Solar Project is to develop an offshore wind farm and an onshore solar park along the coast of the Mid West Region of Western Australia. Pilot has prepared a conceptual development layout for a four-stage offshore wind project that will have up to 78 units of 14-MW turbines in the area covered by the Offshore Exploration Permit WA-481-P. The annual mean wind speed within this area has been measured to be greater than 9 m/s at a hub height 100 metres. Out of the 8,600 sq km area of the permit, over 7,600 sq km offer water depths of 60 metres or less, it noted.
The opportunity to install onshore wind turbines, the feasibility of accessing and utilising existing offshore and onshore gas infrastructure, and the viability of producing hydrogen for domestic use and for export at the site will also be assessed as part of the feasibility study.
The company plans to spend AUD 1.2 million (USD 873,860/EUR 739,180) on the Mid West Wind and Solar Project feasibility study. It will own 100% of the project at this stage, but it will be looking for strategic co-investors in the future.