Snowy Hydro and GPG, a joint venture of Naturgy Energy Group, SA (75%), and the Kuwait Investment Authority (25%), is set to build a 218 MW wind farm located at Victoria State, approximately 300 km from Melbourne in Australia.
The wind farm, called Ryan Corner, is estimated to require a total investment of AUD359 million (US$261.39 million) and is expected to start operations in the second half of 2022.
The contract awarded consists of a 15 years PPA contract for difference (power purchase agreement) for 75% of the energy produced. Given the characteristics of the awarded contract and the conditions of the Australian market, one of the most attractive countries to invest in renewables, the project fully complies with the investment and profitability criteria required by Naturgy for value creation.
Country updates
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September 03, 2020
Neoen completes 50% expansion of Hornsdale Power Reserve
Neoen one of the world’s leading and fastest-growing producers of exclusively renewable energy has completed its 50% expansion of Hornsdale Power Reserve (HPR). The 50 MW addition takes the worl...
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September 03, 2020
BHP offtakes power from 400 MWp Western Downs Green Power Hub in Queensland
BHP, through Cleanco, has agreed to a 5-year offtake of power from Neoen's Western Downs Green Power Hub in Queensland, Australia. The power will supply BHP's coal mining operations in the area. The...
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August 27, 2020
384 MW PPA signed for 800 MW wind farm in Australia
Stanwell Corporation, a Queensland Government-owned company, has signed a 348 MW Power Purchase Agreement for the 450 MW first stage of the Clarke Creek Wind Farm.
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August 25, 2020
Neoen plans Hybrid Renewable Energy Facility in Australia
Neoen Australia Pty Ltd is seeking Development Authorisation for the 2.7 GW Goyder South Hybrid Renewable Energy Facility (Goyder South) in South Australia that will combine solar, wind and storage co...
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August 25, 2020
Octopus, Edify Energy completes the generator registration process for the 275 MW Darlington Point Solar Farm in New South Wales
Octopus Investments and Edify Energy have completed the generator registration process for the 275 MW (333 MWDC) Darlington Point Solar Farm located in South-West New South Wales and c...
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