Leading French renewable energy company Neoen, in partnership with Megawatt Capital Investments, is investing close to A$500 million in the Hornsdale Wind Farm near Jamestown in South Australia’s Mid North.
In February 2015 the State Government announced Neoen’s project had the go-ahead for the 270 megawatt (MW) wind farm. With Stages 1 and 2, the project is expected to create up to 250 construction jobs over three years with an additional 10 operational jobs.
The project will consist of approximately 100 wind turbines in total with commissioning expected to occur in late 2017.
Construction has already commenced on a 100MW Stage 1 following the award of a Feed-in-Tariff in early 2015 under the Australian Capital Territory Government’s wind auction. With the Feed-in-Tariff now secure, the second stage of 100MW will be built adjacent to Stage 1.
Hornsdale has been able to achieve Australia’s lowest known contract price for renewables at A$77 per megawatt hour.
Neoen expects the Hornsdale project to provide enough power for 56,000 Canberra homes and provide 13 per cent of the Australian Capital Territory’s projected electricity demand in 2020.
The case management support delivered by the South Australian Government helped Neoen navigate the necessary regulatory and development approvals process to secure the Hornsdale project.