Vestas has successfully secured an engineering, procurement and construction contract for the 227 MW Collector Wind farm, to be developed by RATCH-Australia Corporation. The contract includes the supply of Vestas’ 4 MW platform turbines and a long-term, full scope service agreement with an energy-based availability guarantee. This site-specific solution has been designed to maximise annual energy production and provide RATCH-Australia with long-term business case certainty for the project.
The Australian government-owned Clean Energy Finance Corporation (CEFC) is injecting AUD180 million (US$123.4 million) into Collector Wind Farm as sole debt financier. CEFC will finance the project on a merchant basis, meaning it is assuming market risk on the project’s revenue rather than providing funding conditional on securing long-term Power-Purchase Agreements.
The project, located in the New South Wales Southern Tablelands. To maximise energy production under these constraints, the project will feature 54 Vestas V117-4.2 MW turbines at a hub height of 91.5m.
Vestas will provide an up to 25-year Active Output Management 5000 (AOM 5000) service agreement, a full-scope service package with an energy-based availability guarantee designed to maximise energy production over the lifetime of the project.
Commercial operations at the Collector Wind Farm are scheduled to commence in the second half of 2020.
