$250m for South Australia energy30 August 2015 by News Desk
A new wind farm project will generate $250 million for the economy of South Australia and deliver clean energy to the capital, Adelaide.
That’s the aim of a new joint venture between French company Neoen and the Australian Capital Territory Government that will see a major expansion of the Hornsdale wind farms outside Jamestown, in South Australia’s mid-north
Wind power is the fastest growing renewable energy source for electricity generation in Australia and the company also has solar and wind interests in New South Wales, Western Australia and Queensland.
The ACT Government is on target to deliver 90% of the capital’s electricity from renewable energy sources by 2020. Under a 20-year contract, the wind farms will 100 megawatts of power to households.
Thirty two wind turbines will be erected on the hills outside of Jamestown, across 15 different properties. A further $500 million will be spent on turbines to generate an additional 170 megawatts of power for the national grid.
Renewable energy currently supplies 14% of household electricity with 4% generated by wind energy.