Australian utility to buy battery-backed 1.5GW wind farm
Australian utility to buy battery-backed 1.5GW wind farm | Windpower Monthly
Australian utility Origin Energy has agreed to acquire Virya Energy’s Yanco Delta project, which is due to consist of a 1.5GW wind farm coupled with 800MWh of battery storage.
Yanco Delta is planned for a site in New South Wales close to existing transmission infrastructure. It has been approved by the state and federal governments.
Origin will initially pay A$125 million (US$80 million) for the project, and then up to A$175 million “conditional on the project achieving certain development milestones”.
It intends to buy all, or most of, the wind farm’s output.
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.