Source: Institute for Energy Economics and Financial Analysis
Global wind turbine manufacturing giant Vestas has bought into the massive 4,000MW (4GW) Walcha Energy Project in New South Wales, the biggest and most ambitious renewable energy project in Australia’s main grid.
The deal revealed over the weekend will see Vestas take a majority stake in the Winterbourne wind farm, which could grow to up to 700MW and will be the principal wind farm component of the Walcha project.
The purchase comes as Walcha Energy – a joint venture between Energy Estate and Mirus Wind – also announced that it has submitted its scoping study for a 700MW solar farm, a 100MW/150MWh battery and its plans for a renewable energy hub at Uralla – in the New England area of NSW – to the state’s department of planning and environment.
The Walcha project, based around the town of the same name some 55kms south of Armidale, also comprises a pumped hydro power station to be located at the Dungowan Dam and in total would have capacity of up to 4GW of wind, solar and various forms of storage, making it fully dispatchable.
Vestas is also a partner in the even bigger $20 billion Asia Renewable Energy Hub project, along with CWP Renewables and Macquarie Group, which is looking at building 11GW of wind and solar to underpin local manufacturing and processing industries, and exporting green hydrogen to north Asia. It is also building, with Alinta Energy, the Yandin wind farm in W.A, which is expected to have an Australia-leading capacity factor of around 50 per cent.