Goyder South

Neoen Australia is developing a large-scale hybrid renewable energy project in the Mid North Region. The project will consist of approximately 1,200MW of wind, 600MW of solar PV and 900MW of battery storage—which when combined will be capable of supplying electricity consumers with 100% reliable renewable energy contracts at a fixed low-cost price.

It is anticipated a first stage of the project (approximately 900MW of combined wind, solar and storage capacity) could commence construction in 2022, for completion in 2024.

Investment opportunity

Neoen is seeking partnerships with large electricity users, or a consortium of electricity users, in South Australia who are interested in contracting for a long-term electricity off-take agreement at a fixed rate below current wholesale forecast rates.

Neoen is able to provide competitive contracts to customers with fixed (‘flat’ or ‘load following’) or flexible energy demand profiles.

Financial information

Investment sought: Not applicable

Project highlights

  • By combining SA’s world-class wind and solar resources, Goyder South has been designed from the ground up to be the first renewable project in Australia capable of selling fully firmed (or load-following) swaps (also known as ‘hedges’) in the electricity market. Until now, these hedging contracts (which are essential for industrial customers with large loads) have been provided exclusively by gas generators with associated higher costs, long-term price uncertainty, environmental impacts and emissions.
  • The power produced by the project is competitive with current retail offers and over the long-term is expected to significantly outperform the wholesale market.
  • The project will provide significant benefits to the local community through direct employment and capital investment.

Key organisations

  • Neoen Australia Pty Ltd

Project timelines

Expected start date
July 01, 2024

Expected end date
-

Funding round finish date
-

Website

goyderenergy.com.au

Location

View on AgInsight interactive information and mapping portal

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