South Australia’s Lincoln Gap Wind Farm will have a total generating capacity of more than 212 MW, producing enough energy to power 155,000 homes. It will offset some 680,000 tonnes of carbon emissions annually and include 10MW of battery storage.
The CEFC has committed up to $210 million to Stages I and II of the Port Augusta project, its largest investment in a single wind farm development.
The Stage II finance involves Westbourne Capital participating as a mezzanine debt lender. The ability to fold mezzanine debt into finance for new build wind farms in this manner creates new investment opportunities for non-bank lenders to further support the growth of the renewable energy sector.
The Lincoln Gap Wind Farm has secured two long-term Large-Scale Generation Certificates with ERM Power and two long-term energy offtake agreements with Snowy Hydro.
The project is Australia’s first greenfield wind development to feature an unsubsidised large-scale grid-connected battery, with developer Nexif Energy to use the Fluence industrial-grade Advancion energy storage platform at the development.
It will feature 35 Senvion 3.6M140 (Stage I) and 24 Vestas 136-3.45 wind turbines delivered in 3.6 MW Power Optimised Mode (Stage II) and feed into the national electricity grid via the Electranet transmission network. The Project provides an import demonstration for the industry of the ability to connect Senvion and Vestas turbines of the same wind farm to the grid .
The wind farm is being built on farmland on a raised plateau next to the Eyre Highway. Stage 1 is complete with Stage 2 expected to be operational from late-2021.
South Australia, Wind, Renewable energy