The 270-megawatt Hornsdale Wind Farm, under construction about 220km north of Adelaide, has won a contract to deliver an additional 100 megawatts of power to the Australian Capital Territory (ACT).
Developed by leading French company Neoen, in partnership with Megawatt Capital Investments, Hornsdale’s win came in the ACT Government’s second large-scale wind reverse-auction process.
Hornsdale was awarded a contract to deliver 100 megawatts to the ACT last February as part of the first reverse auction.
Under the reverse auction, companies were invited to put forward bids detailing how they could generate the greatest amount of renewable energy at the least price.
South Australian investment and trade minister Martin Hamilton-Smith said Hornsdale could achieve Australia’s lowest known contract price for renewables at $77 per megawatt hour.
“Neoen expects the Hornsdale project to provide enough power for 56,000 Canberra homes and provide 13% of the Australian Capital Territory’s projected electricity demand in 2020,” he said.
“Having 200 of the 270 megawatts now allocated means that construction jobs will be secured for the next three years over stages 1 and 2 of the wind farm build, which is great news for the Mid North region.
Construction of the wind farm near Jamestown is underway with commissioning expected to occur in 2017.