How wind will power Canberra homes From 2017, around a third of Canberra’s electricity will be sourced from new wind farms selected through the ACT’s 200 megawatt wind auction program. Canberra will become a research, education, training and operations hub for the national wind industry. Coonooer Bridge Wind Farm The Coonooer Bridge Wind Farm is a wind energy project located north-west of Bendigo, Victoria. It is jointly owned by Windlab Limited, a Canberra-based renewable energy company, and landholders neighbouring the project. It is the first renewable energy project in the country with an ownership structure that includes the local farming community in this way. Windlab is establishing a global operations hub in Canberra to manage its Australian and international wind energy interests, including this project. Project Details DEVELOPER CAPACITY CAPACITY FACTOR GENERATION FIT PRICE EST. COMPLETION EMISSIONS REDUCTION WINDLAB LIMITED 19.4 megawatts 48% 81,000 megawatt hours per annum $81.50 per megawatt hour February 2016 67,000 tonnes per annum Hornsdale Wind Farm The Hornsdale Wind Farm is a wind energy development on rural land approximately 90 kilometres south-east of Port Augusta, South Australia, of which 100 megawatts is being developed to supply the Canberra community. The project is being developed by Neoen, a French renewable energy company. Asset management services will be supplied from new facilities to be constructed in Canberra that will also headquarter Neoen’s wind energy business across the Asia-Pacific region. Project Details DEVELOPER CAPACITY CAPACITY FACTOR GENERATION FIT PRICE EST. COMPLETION EMISSIONS REDUCTION NEOEN SAS 100 megawatts 49% 414,000 megawatt hours per annum $92.00 per megawatt hour February 2017 340,000 tonnes per annum Australia’s largest solar farm, opened at Royalla in September 2014, is a major step towards achieving the ACT’s 90% renewable energy target Ararat Wind Farm The Ararat Wind Farm will be located on rural land approximately 17 kilometres north-east of Ararat, Victoria. The project is being developed by RES Australia, a UK renewable energy company. Asset management services will be supplied by Windlab Limited’s global renewables operations hub to be established in Canberra. Project Details DEVELOPER CAPACITY CAPACITY FACTOR GENERATION FIT PRICE EST. COMPLETION EMISSIONS REDUCTION RES AUSTRALIA 80.5 megawatts 38% NATIONAL 271,000 megawatt hours per annum ELECTRICITY $87.00 per megawatt hour MARKET April 2017 223,000 tonnes per annum WIND FARM LOCATIONS COONOOER BRIDGE WIND FARM (19.4MW), WINDLAB LIMITED CANBERRA ASSET MANAGEMENT, RESEARCH, EDUCATION, TRADES TRAINING, CORPORATE SERVICES ARARAT WIND FARM (80.5 MW) RES AUSTRALIA HORNSDALE WIND FARM (100 MW), NEOEN SAS BRISBANE SYDNEY ADELAIDE MELBOURNE HOBART The ACT draws its energy from the National Electricity Market grid (blue lines) which is supplied by both renewable and non-renewable energy generators in Queensland, Victoria, SA, Tasmania, NSW and the ACT. By purchasing energy from the three successful proponents from the ACT’s first wind energy reverse auction, we will be buying about a third of our energy needs from renewable energy generators on the grid instead of from non-renewable energy generators on the grid. Powering Canberra The 200 megawatt wind auction will deliver almost a third of Canberra’s electricity supply from renewable sources by 2017. Together with the 40 megawatts of large-scale solar the Territory is investing in, and the existing 44 megawatts of household solar installations, this renewable energy generation will meet in excess of 80% of the electricity used by all ACT households. As a result, the ACT is on track to meet its target of 90% renewables by 2020. Reducing emissions The 200 megawatts of wind generation capacity will reduce electricity emissions by 580,000 tonnes of carbon dioxide equivalent per annum from 2017 or 11.6 million tonnes over 20 years. This is a third of the emissions reduction required to achieve the ACT Government’s target of 40% reduction from 1990 levels by 2020. Competitive pricing The ACT’s innovative reverse auction process has secured renewable energy at the lowest possible cost of an average of $89 per megawatt hour – setting another new standard for low-cost renewables. Once all three wind farms are fully operational, pass through costs will be around an average of $1.79 per household per week. This is part of the estimated $4.67 per week of achieving 90% renewables by 2020. Growing our clean economy The ACT Renewable Energy Local Investment Framework is stimulating inward investment by renewable energy companies that compete under our reverse auction processes. These investments reflect Canberra’s natural advantages as a dynamic knowledge-based economy. New investments in research, education and local business development are diversifying the ACT economy and positioning Canberra as an internationally recognised centre for renewable energy innovation and investment. Economic development benefits Through the 200 megawatt wind auction: 1. The ACT will secure renewable energy at the lowest possible price (under 5 cents per kilowatt hour, net). 2. Assets will be managed from new operations centres in Canberra, creating at least 11 full time jobs (economic benefits valued at $30 million over 20 years). 3. A new national trades training centre will be established at the Canberra Institute of Technology, Bruce – The Renewable Energy Skills Centre of Excellence – attracting 30 to 40 new students to the ACT each year (economic benefits valued at $13 million over 20 years). 4. A new innovation fund will be established to support local business start-ups providing a pathway for the development of new export opportunities for the ACT economy (worth $1.2 million over three years). 5. Canberra universities will benefit from new courses and international research and development partnerships which will attract new students and business investment (economic benefits valued at $7 million over 20 years). Wind farm locations Canberra is powered by generators located across the National Electricity Market. New wind generating capacity will help transition the market to a cleaner and more sustainable footing, reducing greenhouse gas emissions. Canberra based companies and institutions will provide asset management, research and education services for these facilities, that will create local jobs and export opportunities. For more information www.environment.act.gov.au
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