AGL Energy (AGL) has announced an agreement with GE and CATCON to construct the $450 million Silverton Wind Farm, which will generate approximately 780,000 MWh of energy annually, enough to power the equivalent of more than 137,000 average Australian homes.
The Silverton Wind Farm will be the sixth largest wind farm in Australia and the first greenfield development under the Powering Australian Renewables Fund (PARF), a partnership between AGL, QIC and Future Fund for the development of approximately 1,000MW of large-scale renewable energy projects.
Geoff Culbert, CEO, GE Australia & New Zealand said the 58 GE 3.4MW wind turbines will be the largest in Australia, with rotors spanning 130-metres.
“We are proud to be working in collaboration with AGL and CATCON to implement world-leading renewable energy expertise on a project that will have a major impact on reducing Australia’s greenhouse gas emissions and accelerate the country towards its Renewable Energy Target,” he added.
“Not only is this project innovative in its technology, but it’s also a clear demonstration of how an innovative financing structure can be used to unlock investment in large-scale renewable energy projects.”
The Silverton Wind Farm will be located in the Barrier Ranges of NSW, with the turbines to be located over the Mundi Mundi Range.
GL Managing Director & CEO, Andy Vesey said the project was expected to generate up to 150 jobs during peak construction and reduce Australia’s CO2 emissions by 655,000 tonnes annually.
“We look forward to working with GE and CATCON in developing the Silverton Wind Farm on behalf of PARF. The fund was established to kick start growth in renewable generation in Australia, and Silverton is proof of this,” he continued.
“However as we transition to a low carbon economy we also have to consider further policy changes to facilitate this pathway.”