•  
  •  
  •  

Windlab signs off-take deal for 60.5-MW hybrid renewables project

Kennedy project. Source: Windlab (www.kennedyenergypark.com.au).

Sep 13 (Renewables Now) - Australia's Windlab Ltd (ASX:WND) on Monday said it has secured an off-take deal for its 60.5-MW Kennedy Energy Park Phase I hybrid renewable energy project in North Queensland.

The company has signed a 10-year agreement with CS Energy, a Queensland government owned corporation which will purchase the renewable energy and some of the large-scale generation certificates (LGCs) from the scheme. The agreement is subject to conditions precedent, including ministerial approval and the project reaching financial close.

Windlab owns Kennedy Energy Park Phase I, which will have 43.5 MW of wind, 15 MW solar and 2 MW battery storage, in a joint venture with Eurus Energy Holdings Corp of Japan.

CS Energy will also have a first right of offer to negotiate a contract to buy some or all of the output of Kennedy Phase II, a wind project with a potential capacity of over 1,200 MW.

"Coupled with the Queensland Government’s Powering North Queensland Plan, announced in June 2017, which includes the proposed construction of a high capacity transmission line through Kennedy Phase II, this agreement with CS Energy significantly advances the project by providing a path to an off-take arrangement," explained Windlab's executive chairman Roger Price.

 

More stories to explore
Share this story
Tags
About the author
Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription