Siemens and Neoen Australia have signed a contract to develop the Hornsdale Wind Farm project in South Australia.
The project will consist of 32 Siemens direct drive wind turbines and will provide clean energy for more than 70,000 local homes, generating over 400 GWh per year â€“ equivalent to a fifth of South Australiaâ€™s annual electricity consumption. The agreement also includes a long-term service contract.
Neoen Australia is to invest US$1.84 million (250 million Australian dollars) in the project which will make a major contribution to the Australian Capital Territory (ACT) governmentâ€™s target of 90 percent renewable energy by 2020. The project is underpinned by a 20-year contract to supply green energy to the ACT at a fixed price of $0.07 kWh (9.2 Australian Cents / kWh) â€“ 6.1 Euro cents per kWh.
â€œAs one of the winners of our first wind auction, Hornsdale plays a critical role in helping the ACT to achieve its 90 percent renewable targetâ€ said ACT Environment Minister Simon Corbell, speaking at the signing ceremony.
The project will create opportunities for employment, training and investment in both the ACT and South Australia, supporting the Renewable Energy Centre of Excellence at the Canberra Institute of Technology, and will provide benefits to the Hornsdale community for the life of the project.
Construction is to begin immediately.
Originally from Siemens Press Release