Financial close achieved for 396 MW wind farm in Australia

Tilt Renewables, part of leading Australian renewable energy provider Powering Australian Renewables (PowAR), will start the construction of the Rye Park Wind Farm (RPWF), to be built in New South Wales after achieving financial close.

When fully commissioned in 2024, the RPWF will be the largest operating wind farm in NSW and will be a key component of the growing PowAR renewable energy portfolio. RPWF will be constructed on an elevated ridgeline near the town of Rye Park, near Yassin the Southern Tablelands region of NSW. It will utilize 66 Vestas EnVentus V162-6.0MW wind turbines, the latest technology solution from Vestas, maximizing energy production and environmental benefits.

Construction activity on site will commence in the fourth quarter of 2021 under a multi-contract structure with the following delivery partners: Vestas for the turbine supply and installation, Zenviron for the electrical and civil balance of the plant, and Lumea for the grid connection. 

About 55 percent of production from the RPWF has been contracted under a 15-year power purchase agreement with Newcrest Mining Limited for the supply of electricity and green products to its Cadia gold mine in NSW. The agreement will also assist Newcrest to achieve its corporate emissions reduction target.

Commercial operation of the RPWF is expected to be reached in the first quarter of 2024.