UPDATE - Naturgy confirms GPG's Aussie wind-plus-storage award
Wind park. Source: Global Power Generation (GPG)
Spain’s Naturgy Energy Group SA (BME:NTGY) confirmed today that its joint venture with Kuwait Investment Authority (KIA) has won a 107-MW wind project in the Australian Capital Territory (ACT), coupled with a battery installation commitment.
Global Power Generation (GPG), which is 75%-owned by Naturgy and 25% by KIA, will build the second stage of the 180-MW Berrybank wind project in Victoria and sell the output of the completed plant at a tariff of AUD 54.48 (USD 39.5/EUR 33.5) per MWh for 10 years. In addition, the JV will install a 20-MWh battery energy storage system within the ACT, Naturgy said.
GPG will invest a total of AUD 215 million in the construction of the wind park, with plans to complete the project in the second half of 2022.
This will be Naturgy’s fourth investment in Australia through GPG, to reach a total of 600 MW of renewable energy capacity in this region. The company’s project pipeline in the country surpasses 600 MW and includes over 400 MW of schemes for which it currently concludes the permitting process.